David Fairs to leave TPR in March
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The Pensions Regulator has announced that David Fairs, executive director of regulatory policy, analysis and advice, will leave the role in mid-March “to pursue new challenges”.
He joined the regulator in July 2018 following 23 years of service with KPMG UK as a partner.
During his time at TPR, Fairs has overseen the introduction of several major policy initiatives including new powers under the Pension Schemes Act 2021, collective defined contribution and pensions dashboards and the development of TPR’s new defined benefit funding code, currently out for consultation.
He has also worked with the Financial Conduct Authority and Department for Work and Pensions to define value for money in DC pensions, leading to a proposed new VfM framework due for consultation later this year.
TPR chief executive Charles Counsell said of Fairs: “He has played a pivotal role in implementing ground-breaking policies that are already helping to better protect savers and drive stronger retirement outcomes.”
Fairs described the new year as “a time for change” and to pursue new challenges.
He added: “I am very proud of the work that the team at TPR have driven forward in my four-and-a-half years with the organisation. From the Pension Schemes Act to climate legislation, to publishing the DB funding code consultation, I’ve had the opportunity to work with committed, passionate people who really care about the work they do to protect savers.”
An interim director of regulatory policy, analysis and advice will be appointed, said TPR.
Who could be next in line for the role at TPR?
