While our statutory remits are different, the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have always worked in tandem to address risks and harms in the pensions and retirement income sector.
Over the past two years we have each been involved in introducing major policy reforms which have fundamentally shifted the landscape of this sector such as automatic enrolment (AE) and the pension freedoms.
In light of these changes, we decided to extend and deepen our co-operation by producing a joint regulatory strategy. This outlines how we already do and in future will work together to tackle the issues we see facing the sector over the next five to ten years. We have also published a summary of the feedback from stakeholders in response to our call for input.