The Pensions Acts of 2004 and 2008 give The Pensions Regulator specific objectives:
- To protect the benefits of members of work-based pension schemes
- To promote good administration and improve understanding of work-based pension schemes
- To reduce the risk of situations arising which may lead to compensation being payable from the Pension Protection Fund (PPF)
- To maximise employer compliance with employer duties (including the requirement to automatically enrol eligible employees into a qualifying pension provision with a minimum contribution) and with certain employment safeguards
Our pensions reform section tells you more about automatic enrolment.
Our approach
Our role is to ensure that people responsible for providing access to and managing work-based pensions fulfil their obligations. We work with trustees, employers, pension specialists and business advisers, providing guidance and education to make clear what is expected of them and enabling them to achieve high standards. Whilst supporting people in meeting their responsibilities, we’ll be tough on those who do not respect their obligations.
Better regulation
Read our response to the Hampton Implementation Review of The Pensions Regulator.
What is a 'work-based' pension scheme?
A work-based pension scheme is any scheme that an employer makes available to employees. This includes all occupational schemes, and any stakeholder and personal pension schemes where employees have direct payment arrangements.