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What we do and who we are

The Pensions Regulator (TPR) is the public body that protects workplace pensions in the UK. We work with employers and those running pensions so that people can save safely for their retirement.

We aim to be a strong, visible regulator so that we build people's confidence in pensions.

What we do

We are responsible for:

  • making sure employers put their staff into a pension scheme and pay money into it (known as ‘automatic enrolment’)
  • protecting people’s savings in workplace pensions
  • improving the way that workplace pension schemes are run
  • reducing the risk of pension schemes ending up in the Pension Protection Fund (PPF)
  • making sure employers balance the needs of their defined benefit pension scheme with growing their business

Priorities

Our priorities for 2019 to 2022 are:

  1. Extending our regulatory reach with a wider range of proactive and targeted regulatory interventions.
  2. Providing clarity, promoting and enforcing the high standards of trusteeship, governance and administration we expect.
  3. Intervening where necessary so that defined benefit (DB) schemes are properly funded to meet their liabilities as they fall due.
  4. Ensuring staff have an opportunity to save into a qualifying workplace pension, through automatic enrolment.
  5. Enabling workplace pensions schemes to deliver their benefits through significant change, including responding to Brexit.
  6. Building a regulator capable of meeting the future challenges we face.

You can find out more about these priorities in our corporate plan.

To deliver our priorities we will educate, enable and enforce when we need to. Read more about our approach to regulating.

Who we are

We are a public body sponsored by the Department for Work and Pensions (DWP). We’re based in Brighton and have around 500 staff.

We work closely with the Financial Conduct Authority who regulate personal pension schemes. We also work closely with other public bodies including:

Our board members oversee what we do and make sure that TPR is well run.

What we don't do

We are not responsible for:

  • dealing with queries or complaints from scheme members about their pension benefits
  • providing scheme members with help on how to access their pension savings
  • finding lost pensions
  • dealing with State Pension or tax queries

Check who can help with scheme member queries.

Vision and values

Our vision is to be a strong, agile, fair and efficient regulator. Through this we seek to gain the respect of employers, trustees and other stakeholders.

Together with our partners, we will drive up standards of trusteeship and improve savers’ understanding of their situation to create better outcomes in their later life.

We are committed to making TPR a great place to work and doing all we can to support our people to reach their full potential.

We believe certain values are central to delivering this vision. These include being:

  • committed to the pursuit of good outcomes for workplace savers
  • bold and impartial in our decision-making
  • alert and responsive to emerging risks and opportunities
  • supportive of our people
  • united as one team