David Fairs

Regulator will focus more on governance-related activities than providing full disclosures

‘Bumpy road’ for standardised climate reporting but urgent action needed, says David Fairs

Concerns over criminal powers unnecessary, with use to be a ‘very significant deterrent’

The dynamics of pension scheme cashflows change, and can change rapidly, David Fairs says.

Industry feedback on the contentious ‘employer resources test’ (ERT) is unlikely to significantly shift The Pension Regulator’s (TPR) approach to issuing contribution notices, it says.

The Pensions Regulator (TPR) has failed to assuage concerns over its enhanced criminal sanctions regime with the industry continuing to call for clarity.

Guidance to help trustees comply with climate disclosure rules will also call on them to “act now” to protect pension savers from climate risk, The Pensions Regulator (TPR) says.

A climate strategy for The Pensions Regulator (TPR) is set to be announced in the coming weeks which will support trustees as they carry out work to meet the new Task Force on Climate-related Financial Disclosures (TCFD) requirements.

Companies are increasingly looking to consolidators, superfunds and other sophisticated financial structures to help remove their defined benefit (DB) liabilities, The Pensions Regulator (TPR) says.

The Pensions Regulator (TPR) has launched a consultation on how it plans to use new criminal powers to investigate and prosecute those who commit criminal offences.