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The Pensions Regulator

Committed to increasing confidence and participation in work-based pensions

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Statements

Our policy statements and responses. We often issue a policy statement where we feel an area of regulation needs clarifying or prioritising.


  • Statement: Understanding and managing your hybrid scheme (PDF, 82kb)

    Published: October 2011

    Statement for trustees, scheme administrators and employee benefit consultants to help understand the risks that can arise in hybrid schemes

  • Statement: The role of trustees in DC schemes (PDF, 79kb, 9 pages)

    Published: October 2011

    Statement reminding trustees of the key differences between DB and DC schemes

  • Statement: Identifying your statutory employer (PDF, 78kb, 7 pages)

    Published: July 2011

    Statement to help trustees and their advisers understand why it is important to be clear who legally stands behind their scheme and what they need to do

  • Statement: Improving administration standards: The Pensions Regulator's expectations (PDF, 95kb, 6 pages)

    Published: March 2011

    Statement clarifying the regulator's approach to scheme administration and our expectations of schemes and the wider industry

  • Statement: Improving pension scheme administration: how NISPI can help (PDF, 123kb, 3 pages)

    Published: February 2011

    Statement setting out how The Pensions Regulator and NISPI will be working more closely together to improve administration standards

  • Statement: Member record-keeping: what trustees can expect from statutory auditors (PDF, 138kb, 4 pages)

    Published: February 2011

    Statement helping trustees to understand the extent and limits of the auditor's work in a statutory pension scheme audit

  • Statement: The importance of good scheme administration (PDF, 59kb, 4 pages)

    Published: February 2011

    Statement for trustees and administrators on the importance of scheme administration in enabling good outcomes from pensions saving

  • Statement: Employer related investments (PDF, 88kb, 6 pages)

    Published: November 2010

    Statement setting out what trustees should consider when potentially at risk of breaching restrictions relating to employer related investments

  • Statement: Regulated apportionment arrangements (RAAs) and employer insolvency (PDF, 57kb, 3 pages)

    Published: August 2010

    Statement describing the process to be followed for RAA applications

  • Statement: The Consumer Prices Index (CPI) (PDF, 47kb, 2 pages)

    Published: July 2010

    Help for trustees and employers in managing the impact of proposed changes to the Consumer Prices Index

  • Statement: Enhanced transfer value exercises (PDF, 91kb, 3 pages)

    Published: July 2010

    A joint statement by the FSA and The Pensions Regulator setting out a strengthened position on transfer incentives

  • Statement: Understanding employer support for DB schemes (PDF, 71kb, 4 pages)

    Published: June 2010

    Sets out the regulator's main expectations of trustees with regard to the employer covenant

  • Statement: Understanding and managing the risks of securities lending (PDF, 198kb, 3 pages)

    Published: January 2010

    Help for trustees in understanding the specific investment practice of ‘securities lending’ and managing the risks involved for schemes

  • Statement: Statement by the Pensions Regulator on the treatment of pension deficits in schemes sponsored by employers subject to price regulation (PDF, 140kb, 2 pages)

    Published: December 2009

    Pension deficits can be a significant issue for employers subject to price regulation, for example in those industries providing monopoly infrastructure services

  • Statement: Q&As: Statement on the treatment of pension scheme deficits in schemes sponsored by employers subject to price regulation (PDF, 34kb, 3 pages)

    Published: December 2009

    Questions and answers on the statement (above) on the treatment of pension scheme deficits

  • Statement: Good governance - keeping pensions safe (PDF, 181kb, 3 pages)

    Published: November 2009

    Good scheme governance underpins secure pensions and enables the effective management of risk

  • Statement: Engaged employers and informed retirement choices (PDF, 341kb, 4 pages)

    Published: July 2009

    Statement targeted at trustees and employers setting out how the regulator aims to enable informed member choices at retirement and improve the quality of employer engagement in DC pension provision

  • Statement: Scheme funding and the employer convenant (PDF, 348kb, 6 pages)

    Published: June 2009

    The importance of trustees and advisers continuing to focus on proper consideration of the employer covenant in setting prudent funding targets and appropriate recovery plans

  • Statement: Alert to risks in the economic downturn (PDF, 137kb, 3 pages)

    Published: April 2009

    High standards of professionalism demonstrated by those responsible for running and advising pension schemes remain of critical importance in the current economic climate

  • Statement: Statement to employers sponsoring DB schemes (PDF, 234kb, 3 pages)

    Published: February 2009

    Statement reassuring employers that the current scheme funding regime is flexible enough to cope with the impact of the economic downturn

  • Statement: Employer duty to consult on scheme changes (PDF, 29kb, 2 pages)

    Published: December 2008

    Statement issued during the DWP’s consultation period on amending regulations to give the Pensions Regulator the power to impose financial penalties for breaches of the employer consultation requirements

  • Statement: Statement to trustees about current financial pressures (PDF, 171kb, 4 pages)

    Published: October 2008

    Statement setting out the Pensions Regulator’s general position with regard to developments in financial markets and the implications for pension schemes

  • Statement: How The Pensions Regulator will regulate the funding of defined benefits (PDF, 199kb, 24 pages)

    Published: September 2008

    Statement informing trustees, employers and their respective advisers on how the regulator will regulate the funding of defined benefits

  • Statement: The regulation of schemes in wind-up and in a Pension Protection Fund assessment period (PDF, 138kb, 10 pages)

    Published: June 2008

    A joint statement by the Pensions Regulator, the Pension Protection Fund and the Financial Assistance Scheme (as part of the DWP)

  • Statement: Statement on use of amended powers (PDF, 35kb, 2 pages)

    Published: April 2008

    Statement outlining proposed changes to the Pensions Regulator’s powers as the DWP began a consultation process

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