TPR launches innovation service
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The Pensions Regulator has launched a service that aims to “reduce unnecessary regulatory barriers” to pensions innovation.
The new service will do so by enabling early transparent discussions with pensions innovators, according to TPR.
"Our new innovation support service will provide an environment for innovators from across industry to collaborate and test their ideas, streamline our approach and reduce unnecessary regulatory barriers,” said TPR chief executive Nausicaa Delfas.
The innovation service will focus on administration and member experience, particularly in the decumulation phase, as well as investment and new scheme models – for example superfunds, collective defined contribution, master trusts and others.
The innovation service will offer informal discussion sessions, collaborative events, thought leadership, cross-government working - pensions innovators will have access to the Financial Conduct Authority’s innovation test service – and support for emerging models.
The new service will do so by enabling early transparent discussions with pensions innovators, according to TPR.
"Our new innovation support service will provide an environment for innovators from across industry to collaborate and test their ideas, streamline our approach and reduce unnecessary regulatory barriers,” said TPR chief executive Nausicaa Delfas.
The innovation service will focus on administration and member experience, particularly in the decumulation phase, as well as investment and new scheme models – for example superfunds, collective defined contribution, master trusts and others.
The innovation service will offer informal discussion sessions, collaborative events, thought leadership, cross-government working - pensions innovators will have access to the Financial Conduct Authority’s innovation test service – and support for emerging models.
TPR stressed that data quality is one of its regulatory priorities and a first step towards innovation.
Anyone interested in attending TPR’s first discussion event on 4 June can register interest by emailing innovation@tpr.gov.uk.
