Pension System Reforms
The Department for Work and Pensions (DWP), the Financial Conduct Authority (FCA), and the Pensions Regulator (TPR) are collaborating to create a pension system that works for savers.
At the Pensions UK annual conference, delegates were assured that the regulators would strive to provide industry 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 team up for pension reforms.