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02-May-08 11:30 [Pensions]
Pension Regulator's plan of action The Pensions Regulator has set out a plan of action for the next three years on how to improve the sector and set out objective's it wishes to achieve.
Between now and 2011, the industry supervisor aims to deliver efficient risk-based regulation of pensions and improve the governance of work-based pensions.
It will also look to strengthen defined benefit scheme funding and reduce the risks faced by members of defined contribution schemes.
Chief executive of the regulator, Tony Hobman, said that the body will strive to meet its statutory objectives and work in conjunction with the government and organisations involved in the sector.
"We will also need to plan to meet emerging challenges arising from changes in the pensions landscape, such as the government's pensions reform agenda, to ensure our overall approach remains fit for purpose," he said.
Recent research has revealed that pension contributions are decreasing while life expectancy is increasing.
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