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Statements

Our policy and Annual Funding Statements (AFS) arranged by year. We often issue a policy statement where we feel an area of regulation needs clarifying or prioritising. The AFS sets out our expectations for trustees and employers of defined benefit (DB) schemes.

2022 statements

Regulating pensions and retirement income: FCA/TPR regulatory strategy update
Published: December 2022

Maintaining liability-driven investment resilience
Published: November 2022

Regulating pensions and retirement income: FCA/TPR regulatory strategy update
Published: November 2022
This document provides a high-level update on the FCA/TPR 2018 joint regulatory strategy for the pensions and retirement income sector.

Managing investment and liquidity risk in the current economic climate
Published: October 2022
This statement is for trustees of defined benefit and defined contribution schemes and their advisers. It sets out the main points we expect trustees to consider in managing investment and liquidity risks in the face of current market conditions.

Annual Funding Statement Analysis 2022
Published: May 2022
A review of DB pension schemes with valuation dates between September 2021 and September 2022 (Tranche 17).

Annual Funding Statement 2022
Published: April 2022
Particularly relevant to DB schemes with valuation dates between 22 September 2021 and 21 September 2022 (Tranche 17), as well as schemes undergoing significant changes that require a review of their funding and risk strategies.

2021 statements

Annual Funding Statement 2021
Published: May 2021
Particularly relevant to DB schemes with valuation dates between 22 September 2020 and 21 September 2021 (Tranche 16), as well as schemes undergoing significant changes that require a review of their funding and risk strategies.

Annual Funding Statement Analysis 2021
Published: June 2021
A review of DB schemes with valuation dates between September 2020 and September 2021 (Tranche 16).

2020 statements

Annual Funding Statement 2020
Published: April 2020
Particularly relevant to schemes with valuation dates between 22 September 2019 and 21 September 2020 (Tranche 15), as well as schemes undergoing significant changes that require a review of their funding and risk strategies.

Annual Funding Statement Analysis 2020
Published: June 2020
A review of defined benefit (DB) pension schemes with valuation dates between September 2019 and September 2020 (Tranche 15).

2019 statements

Single code of practice statement
Published: July 2019
As part of becoming clearer, quicker and tougher we intend to make changes to our existing codes of practice.

Climate change joint statement
Published: July 2019
Joint statement welcoming the UK’s Green Finance Strategy from the Prudential Regulation Authority, the Financial Conduct Authority, the Financial Reporting Council and The Pensions Regulator.

New shareholder engagement requirements for trustees
Published: June 2019
Regulations were laid in Parliament on 6 June 2019 to improve transparency of information on how trustees engage with their asset managers.

2018 statements

TPR and FCA: Our strategy for pensions
Published: January 2018
The FCA and TPR are working together on a pensions regulatory strategy on how to tackle the key risks facing the pensions sector in the future.

Older statements