The Pensions Regulator has published its Corporate Strategy for 2026-31, Corporate Plan for 2026-27 and a Regulatory Roadmap setting out its direction for the next five years as the government's pensions reform agenda and the Pension Schemes Act 2026 reshape the market. The package centers on delivering a sustainable income in retirement and shifts TPR from a strategy focused mainly on the accumulation phase to a broader system-wide, outcome-focused approach. TPR will concentrate on three priorities: raising governance standards, driving value for money and improving retirement outcomes. The one-year plan includes a new common supervisory framework and risk assessment model to target regulatory efforts, support for Department for Work and Pensions regulations on value for money and coordination with the Financial Conduct Authority, guidance on extracting defined benefit surplus while protecting member security and scheme sustainability, work on the regulatory framework for guided retirement, and a fully operational framework for connected and unconnected multi-employer collective defined contribution schemes. The roadmap is intended to show when the industry will need to engage, comply and deliver, and gives visibility on forthcoming consultations, regulation and guidance from TPR, the Department for Work and Pensions and the Financial Conduct Authority. It highlights upcoming milestones on value for money, guided retirement, collective defined contribution schemes and defined benefit surplus release.
The Pensions Regulator2026-07-14
UK The Pensions Regulator publishes five year strategy and roadmap, shifting focus to retirement outcomes
The Pensions Regulator has issued a new five-year strategy, a 2026-27 corporate plan and a regulatory roadmap tied to the government's pensions reform agenda. The package shifts TPR's focus toward sustainable retirement income, with priorities on governance, value for money and retirement outcomes. Near-term work includes a new supervisory framework, guided retirement, collective defined contribution schemes and guidance on defined benefit surplus release.