Corporate strategy consultation
Closing date: 8 June 2026
Published: 11 May 2026
Summary
Our refreshed corporate strategy sets out how we will navigate the next five years in the context of a rapidly changing pensions market.
We are seeking feedback from our stakeholders on a draft version of our corporate strategy before publishing a final version later this year.
Who this consultation is for
This consultation is intended for anyone with an interest in our work as a regulator and the workplace pensions market.
We particularly welcome responses from:
- trustees and scheme managers of defined benefit and defined contribution pension schemes
- employers subject to automatic enrolment duties and employer representative bodies
- industry bodies and professional advisers, including legal, actuarial, covenant and governance experts
- policy organisations and partners, government departments and other regulators
- consumer and saver representative groups
Consultation context
The measures in the Pension Schemes Act 2026 will significantly reshape the market, making pensions simpler and more transparent, strengthening the focus on value and outcomes for members, while enabling the pension system to better support UK economic growth. A pensions system that delivers better outcomes for scheme members can also help to drive long-term prosperity.
The Pensions Commission will make recommendations to government in 2027 that consider adequacy, fairness and sustainability, helping to guide the long-term future of the system out to 2050 and beyond.
Our refreshed corporate strategy sets out how we will navigate the next five years within this context.
What’s different about this strategy
In 2021, our corporate strategy put the pension saver at the heart of all that we do. Today, we build on that commitment. We are taking a system-wide view, looking beyond the accumulation of savings in a pension pot, to the outcomes that people experience throughout retirement.
Our new corporate strategy reflects our evolution as a regulator. We are taking a more forward looking, innovative and system-wide approach to regulation. Our engagement with the market is risk-led, expert and proportionate – all in service of driving better outcomes.
Underpinning our new approach is a clear strategic framework:
- Our vision: people have a sustainable income in retirement, supported by a pensions system that provides security and value for all. This vision guides how we will set priorities and direct our regulatory effort.
- Our mission: to protect workplace pension members’ money, enhance the pensions system, and support innovation and growth in members’ interests. This mission defines our work as a regulator.
- Our outcomes: three member and three market outcomes will guide all that we do, allowing us to define success and shape how we work.
- How the market will experience us: we set a clear direction and work with the market to deliver the best outcomes for members. This means being open and engaged and outcome-focused and proportionate.
Consultation questions
This consultation seeks feedback on our draft corporate strategy. Please answer the following questions:
- Does our vision of people having a sustainable income in retirement set the right long-term ambition for the pensions system? Could it be strengthened?
- Are the trends we identify – including consolidation, scale, technology, digitalisation and artificial intelligence – the main forces that will shape the system over the next five years? What’s most important? Is anything missing?
- Where could The Pensions Regulator’s role be more active, or targeted, to maximise saver outcomes and support a resilient and sustainable market?
How to respond
Send your response to strategyconsultation@tpr.gov.uk.
When responding, please let us know:
- whether you are replying as an individual or on behalf of an organisation
- if you are responding on behalf of an organisation, whether your answers reflect your personal views or the official views of the organisation
You should also provide:
- your name
- organisation name and type (if applicable)
- job title
- email address
- telephone number
- confirmation of whether we can list you or your organisation as a respondent
If you want your response to remain confidential (in part or in whole), you should specify this and let us know why.
We will review all responses carefully and publish our response to the feedback received.