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24-April-2008
Industry Issues - Pensions Regulator publishes corporate plan

The Pensions Regulator has today published its second corporate plan, highlighting its views on current issues, strategy and objectives for the next three years.

The Regulator said it expects to play an important part in the Government’s pensions reform agenda, aimed at increasing pensions saving in the UK. It said it was proud of its achievements so far, but was “conscious that in the long term our success will be judged by how effectively we are delivering against our objectives”.

The plan coincides with a report from the Parliamentary Public Accounts Committee, praising the Regulator for its work on DB pension schemes, but adding that it had done far less in the “considerably riskier” are of DC provision.

The Committee said the Regulator had gathered information on 99% of DB pensions, it only had data on 32% of DC schemes, and urged the Regulator to identify the riskiest DC schemes and direct its attention on them.

A full copy of the Regulator’s corporate plan can be downloaded

The report of the House of Commons Public Accounts Committee is available