Publication
Essential Corporate News – Week ending 10 January 2025
On 20 December 2024, the Financial Conduct Authority published PS24/17, Enhancing the National Storage Mechanism (NSM).
Pensions Regulator announces new organisational structure
United Kingdom | Publication | March 2024
In a press release issued on February 22, 2024, the Regulator announced organisational changes to “reinforce its strategic shift in overseeing the workplace pensions market.”
From April 2024, there will be three new regulatory functions which "protect, enhance and innovate in savers' interests". These are:
- Regulatory compliance services, including the oversight of the auto-enrolment regime.
- Market oversight, including engagement with scheme trustees and undertaking a focus on delivering value for money.
- Strategy, policy and analysis.
As a result of the organisational changes, the Regulator expects to be “swifter to address compliance failures and market-wide risks”.
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