Regulators Collaborate on Pension Reforms
The Department for Work and Pensions (DWP), the Financial Conduct Authority (FCA), and the Pensions Regulator (TPR) are working together to create a functional pension system.
At the Pensions UK annual conference, representatives from these organizations assured delegates that they would strive to provide the industry with certainty during a time of change.
- Charlotte Clark, FCA Director of Cross-Cutting Policy and Strategy
- Kerstin Parker, DWP Director of Private Pensions
- Nausicaa Delfas, TPR Chief Executive
The pension system currently is unfinished. We’ve managed with automatic enrolment to create a nation of savers, but we know that they’re not saving enough, and that at retirement, it’s not clear what they should do.
Author's summary: Regulators unite to reform the pension system.