Regulator asks pensions industry to help build savers' understanding

TPR CEO warned the industry must help savers understand their options

Holly Roach
clock • 2 min read

The industry must work together to help savers better understand their options before they reach retirement, according to The Pensions Regulator (TPR).

Speaking at PA's sister title Professional Pensions' event PP Live today (14 September), chief executive Charles Counsell said the industry needed to help savers "understand and fully optimise the options available to them". He noted the Pension Schemes Act 2021 - which was introduced earlier this year - goes a step towards making pensions safer for members. Counsell said he understands the industry wants "clarity" on the new regulations set out in the act and revealed the regulator will be publishing a number of policy documents over the coming weeks setting out how it will use its n...

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