The Pensions Regulator (TPR) has announced the appointment of David Fairs as its Executive Director for Regulatory Policy, Analysis and Advice.
David will be responsible for TPR’s policy work which includes developing material to support the implementation of legislation relating to workplace pensions, Brexit, the 21st Century trustee initiative and responding to other key developments across the pensions landscape.
He will lead a team of specialist advisers - including lawyers, actuaries, business analysts and investment consultants - as well as risk, research and analysis teams, all of whom support the full range of TPR’s work.
David, who will join TPR in July 2018, has a wealth of experience in the pensions sector. In his current role at KPMG he has helped clients with the design, management and communication of pension benefits. He has also held a number of external roles including the immediate past Chairman of the Association of Consulting Actuaries and founding Chairman of the Joint Industry Forum for Workplace Pensions.
TPR Chairman Mark Boyle said: “I am delighted David Fairs has been appointed to what is a pivotal role at TPR. The rapid pace of change in the pensions sector continues and David’s strong background and deep understanding of pensions legislation will ensure we remain an active influencer and pragmatic implementer of Government pensions policy, in line with our mandate to protect workplace pensions.
“He will also be responsible for overseeing teams of professional advisers and researchers who play a vital role in supporting TPR’s regulatory policy work and case investigations.”
David commented: “I am really excited to be joining the TPR team. The opportunity to help with the drive for stronger governance and security of member benefits is something I feel passionately about.”
- David Fairs’ appointment to the TPR Board is made by the DWP, following an open and robust competition.
- Anthony Raymond, who has filled the post on an interim basis, returns to his role of General Counsel and Director of Legal Services.
- TPR is the regulator of work-based pension schemes in the UK. We have objectives to: protect members’ benefits; reduce the risk of calls on the Pension Protection Fund (PPF); to promote, and to improve understanding of, the good administration of work-based pension schemes; to maximise employer compliance with automatic enrolment duties; and to minimise any adverse impact on the sustainable growth of an employer (in relation to the exercise of TPR’s functions under Part 3 of the Pensions Act 2004 only).
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