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Update about TPR activities during COVID-19

Originally published: 20 March 2020

Updated: 24 September 2020

  • 2 July 2020: Added the latest information on our supervision activities. Removed reference to the corporate plan being postponed
  • 24 September 2020: Added updates to the Relationship supervision section

Supervision

Regulatory initiatives

We are temporarily suspending our regulatory initiatives. If you have been selected to take part, we will be in direct contact with you regarding our expectations and next steps.

Relationship supervision

We have scaled down our relationship supervision evaluation cycle while we focus our resources on supporting schemes. This includes those affected by the COVID-19 pandemic.

We have been in touch with the schemes we are supervising to understand their plans to mitigate the risks posed by the current events to scheme governance, administration and investment risk management.

In autumn 2020, our supervisors will contact schemes again to set out how we will be engaging with them in the short term. This includes setting out our expectations where we have identified specific areas to discuss.

We will continue to review our engagement with schemes with a view to returning to our full evaluation cycle when circumstances allow. 

The safety of our colleagues and those we engage with is a priority for TPR, so we intend to only return to attending meetings in person when government guidance allows.

Find further information about our supervision activities.

Publications

We are postponing our long-term strategy and our consultation on bringing together our codes of practice to form one single code.

We have extended the deadline for the DB funding consultation to 2 September 2020.

Events

We have cancelled or moved all scheduled events.