Nausicaa Delfas, CEO of The Pensions Regulator (TPR) gave a speech on the key priorities for TPR.
She expressed gratitude for the opportunity to address the audience and emphasised the need for the regulator and the pensions industry to adapt to significant changes, particularly the shift from fragmented to consolidated pension schemes.
She outlined three main priorities:
protecting savers' money;
enhancing the system through effective market oversight and better practices; and
supporting innovation in savers' interests.
She stressed the importance of larger, well-governed schemes and highlighted the need for trustees to focus on value for money.
She also discussed the challenges faced by trustees and the importance of innovation, especially in retirement solutions.
The regulator plans to use its powers assertively, focus on data-driven strategies, and collaborate with various professionals to ensure good outcomes for savers in this evolving pensions landscape.
Click here to read the speech.