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Emma Douglas has been confirmed as the new chair of the Pensions Regulator, having been the government’s preferred candidate to succeed Sarah Smart. Douglas is currently wealth policy director at insurer Aviva and the non-executive chair of lobby group Pensions UK.
The Department for Work and Pensions said her appointment comes as “the pensions landscape undergoes its most significant transformation in a generation”, with TPR helping to deliver those reforms.
Pensions minister Torsten Bell said: “Emma Douglas takes on this role as we deliver the most ambitious reform of the pensions landscape in a generation, all focused on making the system work harder for savers. TPR plays a crucial role in this and protecting the retirement savings of millions of working people across the UK, and I look forward to working with Emma to make sure every worker in this country gets the retirement they’ve worked for.”
Douglas said: “Throughout my career in the pensions industry, I have focused on helping people achieve a sustainable income in retirement, and I look forward to continuing this work at TPR alongside the CEO and TPR’s dedicated team, so we remain a strong, adaptable, resilient and inclusive regulator.”
Douglas’ responsibilities will include leading the board, maintaining a constructive working relationship with the DWP, and reviewing the regulator’s strategic direction and alignment with government priorities. She will also need to support and motivate the chief executive and executive team whilst holding them to account.
TPR’s chief executive Nausicaa Delfas welcomed Douglas. She added: “Emma brings a wealth of market experience that will be invaluable in helping to create a system that provides people with a sustainable income in retirement, security and value for all, and that could support UK prosperity more widely.”
Douglas’ appointment follows an open competition regulated by the Office for the Commissioner of Public Appointments and a pre-appointment hearing by the Work and Pensions Committee in January. As TPR chair, Douglas will receive £92,300 for a commitment of 130 days per year; in 2021, the time commitment was 104 days, for £73,840.
What do you expect TPR to do to support your scheme(s) during the current pension reforms?
