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  3. Strategy and policy

Strategy and policy

Our strategy and policy documents relating to how we regulate DB, DC, master trust and public service pension schemes, automatic enrolment and employee safeguards.


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Important

Regulatory approach

Find out how The Pensions Regulator undertakes its activities.

Automatic enrolment compliance and enforcement

Automatic enrolment compliance and enforcement strategy
PDF 153KB , 27 pages
Provides a framework for our regulatory approach, and explains the various options available to us to maximise employer compliance.
Compliance and enforcement policy
PDF 1100KB , 62 pages
Explains our approach to minimising non-compliance with the duties and safeguards, and associated legislation.

If employers fail to comply, we have various powers available to us, such as issuing a compliance or penalty notice. Employers can ask for a review of these notices.

For more information go to appealing an enforcement notice.

Defined benefit schemes

Defined benefit regulatory strategy
PDF 164KB , 13 pages
Sets out our approach to regulating trust-based defined benefit (DB) occupational pension schemes.
Defined benefit funding regulatory and enforcement policy
PDF 320KB , 34 pages
Our approach to regulating the statutory funding requirements as set out by, and under, Part 3 of the Pensions Act 2004 for trust-based DB occupational pension schemes.

Defined contribution schemes

DC compliance and enforcement policy
PDF 140KB , 20 pages
In relation to occupational defined contribution trust-based pension schemes.

FCA and TPR joint regulatory strategy

FCA and TPR: joint regulatory strategy
PDF 945KB , 25 pages
Published: October 2018
Our joint regulatory strategy for the pensions and retirement income sector.

Master trust schemes

Master trust supervision and enforcement policy
PDF 225KB , 23 pages
Sets out our supervision and enforcement approach for master trusts once they are authorised. 

Public service pension schemes

Public service pension schemes regulatory strategy
PDF 103KB , 13 pages
Regulating governance and administration in public service pension schemes.
Public service pension schemes compliance and enforcement policy
PDF 137KB , 23 pages
Describes our expectations for compliance with relevant legal requirements and how we will proceed in cases of non-compliance, including when we may use our enforcement powers.

Professional trustee description

Professional trustee description policy
PDF 43KB , 8 pages
Sets out our description of a professional trustee.

Prosecution and penalties

Monetary penalties policy
PDF 68KB , 17 pages
How we use our powers to impose monetary penalties.
Prosecution policy
PDF 113KB , 9 pages
Explains how we will use our prosecution powers.