The Pensions Regulator (TPR) has announced the appointment of Jo Hill as its Executive Director of Strategy and Risk.
Jo will be responsible for ensuring TPR’s new clearer, quicker and tougher regulatory approach continues to influence how it works with the pensions industry to protect workplace savers.
This will include TPR’s plan for more proactive oversight on an ongoing basis of some the highest risk schemes across defined benefit (DB), defined contribution (DC) and public service. She will also lead on making better use of data to scan the wider horizon for emerging risks and plan accordingly.
Jo will join TPR in November from her position of Director of Market Intelligence, Data and Analysis at the Financial Conduct Authority (FCA). As an experienced regulator, she has a strong background in supervision, enforcement, insight and analysis at the FCA and formerly the Financial Services Authority (FSA).
TPR Chairman Mark Boyle said: “I am extremely pleased Jo has been appointed to this key role at TPR. Under our TPR Future programme, we have made great strides in developing and implementing a new, more proactive culture and approach to regulation and I am confident Jo will ensure our clearer, quicker and tougher strategy continues to have an impact.
“The effective use of data in the early detection and mitigation of risks is crucial and through her wealth of experience and knowledge in this area, Jo will help maximise our effectiveness as we strive to make workplace pensions work for savers.”
Jo commented: “I’m delighted to be taking on the role at such an important and exciting time for pensions regulation. Good pension provision is fundamental for a good quality of life in retirement and I’m looking forward to continuing to shape TPR’s strategy and approach.”
1. Jo’s appointment to the TPR Board is made by the Department for Work and Pensions (DWP), following an open and robust competition.
2. Biography: Jo Hill was the Director of Market Intelligence, Data and Analysis at the FCA, accountable for the delivery of the FCA's Data Strategy and Operations, RegTech agenda, the FCA’s recently established Advanced Analytics department and the Behavioural Economics and Data Science programme. Jo also oversaw the FCA’s Sector Views (common view of regulatory risk) and Consumer Insight, which includes the 'FCA Mission: Our Future Approach to Consumers' and 'Financial Lives' survey. Prior to her appointment as Director of Market Intelligence, Data and Analysis, Jo held a number of roles across the FCA and Financial Services Authority in Strategy, Supervision, Authorisations and Enforcement, as well as holding roles in the Banking and Insurance industries.
3. 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).
Media Relations Manager