TPR outlines new regulatory approach to support pension scheme growth

Article summary

The Pensions Regulator (TPR) Chief Executive, Nausicaa Delfas, has announced a series of measures to boost economic growth while protecting savers' interests. TPR has published a letter to government detailing commitments across five areas including reducing regulatory burden and enabling productive investment. Key initiatives include developing an innovation framework, implementing simplified data requirements for defined benefit funding, and launching an innovation testing hub by autumn 2025. TPR also plans to review scheme return requirements to reduce administrative burden on pension schemes.