The Pensions Regulator (TPR) has launched a consultation on its refreshed five-year corporate strategy, setting out six outcomes that will shape its regulatory work.
Against the backdrop of a “rapidly evolving” pensions system driven by new models and technological change, alongside the Pension Schemes Act 2026 reshaping the market through a focus on scale, value and member outcomes, the regulator said the outcomes will guide its work over the coming years and underpin how it engages with the workplace pensions market.
The six outcomes are aimed at ensuring pension savings are secure, improving long-term value for members, promoting fairness and accessibility across workplace pensions, strengthening scheme governance through skilled trustees and managers, supporting a resilient and sustainable pensions market that contributes to UK economic growth, and creating a more seamless pensions journey from enrolment to retirement income.
The consultation seeks industry feedback on three key areas: whether TPR’s vision of delivering a sustainable retirement income for all represents the right long-term ambition for the pensions system; whether consolidation, scale, technology, digitalisation and artificial intelligence are the most significant forces likely to shape the sector over the next five years; and where the regulator’s role could become more targeted or proactive to improve saver outcomes and support a resilient, sustainable pensions market.
The consultation runs until 8 June 2026. TPR plans to publish the final version of its strategy in July alongside its corporate plan.
Chief executive officer Nausicaa Delfas said: “We are today launching a consultation on our five-year Corporate Strategy, at a pivotal time in pensions. Our mission is to protect workplace pensions members’ money, enhance the pensions system and support innovation in members’ interests.
“We encourage stakeholders to engage in our consultation to make sure that together we can create a system which delivers what matters most: a sustainable income in retirement for everyone.”
