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Press Release - TPR corporate plan a strong step towards higher admin standards, says PASA
PASA has responded to The Pensions Regulator’s (TPR) latest 2017-2020 Corporate Plan, published yesterday.
Kim Gubler, Deputy Chair of PASA commented: “We were pleased to see improved governance and administration listed as one of TPR’s key aims over the next three years. This increased regulatory gaze, particularly relating to ‘high risk’ schemes, is extremely encouraging. For our part, we will be continuing to help The Regulator establish dialogue among administrators to support this aim and drive up standards overall.
“Although improving, TPR notes that service quality still varies significantly across both the private and public sector, so there is still a great deal of work to be done. PASA’s overarching aim is for every member to be able to enjoy a consistently high quality service, no matter what kind of scheme they are in. Prevention is better than cure and we look forward to working with The Regulator on ways to evidence good practices, not just highlight the bad. Collaboration will help promote more effective and proportionate regulation across the entire administration arena.”