Strategic direction for the next three years

Regulator sets out vision for pensions

The Pensions Regulator has set out its vision of the pension’s landscape, strategic direction and outcomes to be achieved during the next three years.

The plan highlights the progress made by the regulator in the building and development of the organisation, systems, culture and processes.

During the next three years commencing from 2008 to 2011 the regulator plans to continue to meet its objectives, delivering against the challenges and core themes set out in the medium term strategy to strengthen defined benefit scheme funding, completing the third year of the tri-annual scheme funding review (objectives):

• improve governance of work-based pensions, influencing behaviours to improve governance standards;
• reduce risks to members of defined contribution schemes, developing and implementing DC regulation approach; and
• deliver effective risk-based regulation, sustaining continuous improvement.

The Pensions Regulator plans to meet the emerging challenges arising from changes in the pension’s landscape, such as the government’s pension’s reform agenda