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What we do and who we are

The Pensions Regulator (TPR) is the public body that protects workplace pensions in the UK. We work with employers and those running pensions so that people can save safely for their retirement.

We aim to be a strong, visible regulator so that we build people's confidence in pensions.

What we do

We are responsible for:

  • making sure employers put their staff into a pension scheme and pay money into it (known as ‘automatic enrolment’)
  • protecting people’s savings in workplace pensions
  • improving the way that workplace pension schemes are run
  • reducing the risk of pension schemes ending up in the Pension Protection Fund (PPF)
  • making sure employers balance the needs of their defined benefit pension scheme with growing their business

Priorities

Our priorities for 2020 to 2021 are:

  1. Support workplace pensions schemes to deliver benefits through significant change driven by the global pandemic.
  2. Protect pension savers across all scheme types through proactive and targeted regulatory interventions.
  3. Provide clarity to, and promote the high standards of trusteeship, governance and administration we expect.
  4. Intervene where appropriate so that defined benefit schemes achieve their long-term funding strategy and deliver on pension promises.
  5. Ensure jobholders have an opportunity to save into a qualifying workplace pension through automatic enrolment.
  6. Continue to build a regulator capable of meeting the future challenges we face.

You can find out more about these priorities in our corporate plan.

To deliver our priorities we will set clear expectations, identify risk early, drive compliance through supervision and enforcement, and work with others. Read more about our approach to regulating.

Who we are

We are a public body sponsored by the Department for Work and Pensions (DWP). We’re based in Brighton and have around 500 staff.

We work closely with the Financial Conduct Authority who regulate personal pension schemes. We also work closely with other public bodies including:

Our board members oversee what we do and make sure that TPR is well run.

What we don't do

We are not responsible for:

  • dealing with queries or complaints from scheme members about their pension benefits
  • providing scheme members with help on how to access their pension savings
  • finding lost pensions
  • dealing with State Pension or tax queries

Check who can help with scheme member queries.

Vision and values

Our vision is to be a strong, agile, fair and efficient regulator. Through this we seek to gain the respect of employers, trustees and other stakeholders.

Together with our partners, we will drive up standards of trusteeship and improve savers’ understanding of their situation to create better outcomes in their later life.

We are committed to making TPR a great place to work and doing all we can to support our people to reach their full potential.

We believe certain values are central to delivering this vision. These include being:

  • committed to the pursuit of good outcomes for workplace savers
  • bold and impartial in our decision-making
  • alert and responsive to emerging risks and opportunities
  • supportive of our people
  • united as one team