PASA has submitted its response to The Pensions Regulator’s Enforcement Strategy consultation.
Our response emphasises:
- Support for TPR’s direction — notably its focus on saver outcomes, proportionality, and early intervention
- A call for a clearer distinction between matters best handled via guidance vs enforcement, so schemes can understand expectations
- Suggestion that enforcement priorities should explicitly reference administration quality and data integrity
- Alignment of TPR’s work with existing frameworks — PASA’s accreditation and standards programmes should be embraced to reduce duplication
- Metrics of success should go beyond number of enforcement actions — to real improvements in saver experience, e.g. fewer complaints, better transfer times, stronger data quality
A special thank you to the PASA Industry Policy Committee (IPC) and their employer organisations, whose contributions were invaluable to the development of this response.
