The Pensions Regulator has launched an innovation support service for the pensions industry, intended to enable early, transparent engagement with innovators and reduce unnecessary regulatory barriers, with the aim of improving saver outcomes. The service will focus on innovation in administration and member experience, particularly in the decumulation phase, and in investment and new scheme models. It will provide informal expert discussion sessions, collaborative events to connect innovators, and thought leadership materials clarifying the regulator’s stance on areas including targeted pensions support and guided retirement. Work with the Financial Conduct Authority is intended to avoid duplication and give innovators access to the FCA’s innovation test service, while TPR also plans to streamline its support for emerging models beyond those it already supports, such as superfunds. TPR’s first event is scheduled for 4 June, and it has published a dedicated service page with resources and details of upcoming events.
The Pensions Regulator 2025-05-19
United Kingdom's The Pensions Regulator launches innovation support service to reduce barriers to pensions innovation
The Pensions Regulator has launched an innovation support service to facilitate early engagement with innovators and reduce regulatory barriers in the pensions industry. It will focus on administration, member experience, investment, and new scheme models, offering expert discussions, collaborative events, and thought leadership materials. Collaboration with the Financial Conduct Authority aims to streamline support and provide access to the FCA’s innovation test service.