We use cookies to support features like login and allow trusted media partners to analyse aggregated site usage.
To dismiss this message and allow cookies to be used, please click "Continue".

Continue

News/Analysis

Twitter board

Follow us
  • "To get to the heart of some of the issues surrounding responsible investment we brought trustees, fund managers an… https://t.co/ujIdYI4gKI9 hours ago
  • RT @TimGiles90: @TimManuel17 on Trustee awareness of #climatechange ft in @portfolio_inst latest #aonexpertsinthenews https://t.co/WJdMA3MD…yesterday
  • Beyond bonds: How pension schemes are looking to update their LDI strategies https://t.co/qcq3fx3dJJ #ldi… https://t.co/Aj4PVgTz0G2 days ago
  • Friday View: Climate change: a hot topic - TPR prepares for master trust deadline - Prudential and Aviva's de-risk… https://t.co/c8N8HZ62HE6 days ago
  • As offices and workplaces are heating up, so is the debate on climate change: What are trustees doing to protect sa… https://t.co/U77fvAzS199 days ago
  • Friday View: Infrastructure: Land of opportunity  - FTSE 100 schemes are back in black - Brewery hit by TPR fine -… https://t.co/disYRfYaUw13 days ago
  • With 70% of pension schemes planning to allocate to infrastructure - the scramble for assets begins. Our latest cov… https://t.co/aWetZeBhq216 days ago
  • Exclusive: Border to Coast appoints new CIO https://t.co/mipd2Aeyvy #LGPS #pensions #LPGSpooling https://t.co/P0D1EQLvmu20 days ago
  • Friday View: PPF's Ian Scott - Border to Coast goes live - TPR launches master trust consultation - Railpen invests… https://t.co/mSeDHNrEjP20 days ago
  • Local authority pension pool Border to Coast goes live with two equity funds, hires new CIO: https://t.co/4uIWEpuD1C https://t.co/8UP3stSh9o20 days ago
  • Our interview with the PPF's Ian Scott is now live! “The uniqueness of what we do here at the PPF is sometimes over… https://t.co/On1pYg5aXJ22 days ago
  • Latest buy-in means @UK_CAA has de-risked £1.7bn of pension scheme liabilities - https://t.co/eFRK22wyI2 #pensions https://t.co/rrYgf0fQAr24 days ago
  • Friday View: Border to Coast launches UK equity tender - Rentokil Trustee faces fine - Gleeson directors banned - P… https://t.co/wx2SJ0bGfG34 days ago
  • Shareholder engagement: It’s good to talk For responsible investors talk isn’t cheap. Not only does research sugges… https://t.co/imwrezJuKJ34 days ago
  • Friday View: PA's DB scheme signs buy-out deal - PIC invests in Midlands housing association - Newton Video on Emer… https://t.co/GbWDdyENlN41 days ago
  • RT @minerva_ESG: Hey, all #ESG and#corpgov tweeps, lend a hand to @portfolio_inst important opportunity to support investors' understanding…41 days ago
  • We want to know your appetite and understanding for ESG! Please click the link to take our 5 minute survey to tell… https://t.co/SsVgQzEKIc42 days ago
  • RT @AonRetirementUK: Great event, thanks for hosting @portfolio_inst. Inspired location too! https://t.co/we7Ou46ns342 days ago
  • Full house at our Portfolio Prepared event, Oliver Hamilton Illiquids specialist @AonRetirementUK discusses conside… https://t.co/F0qPFPjUSP43 days ago
  • West Midlland Pension Fund’s Jill Davys: “I am reluctant to overpay for assets” Assistant director of investments a… https://t.co/YHtEIU5BSN45 days ago

Appointments

TPR chief executive to step down amid political pressures

TPR chief executive to step down amid political pressures

Mona Dohle
Friday 1st June 2018

Lesley Titcomb, chief executive of The Pensions Regulator (TPR) is set to leave her role at the end of her four year contract in February, the watchdog confirmed.

Her departure comes amid growing political pressures over the regulator’s role in the collapse of the Carillion pension scheme. Two weeks ago, the Work and Pensions Select Committee published an inquiry into the bankruptcy, concluding that the regulator had “failed in all of its objectives.”

The watchdog has recently announced that it intends to intervene more proactively in securing pension benefits, over the last year, it has increasingly used its enforcement powers, among others to ensure that employers comply with their automatic enrolment duties.

Mark Boyle, chairman of the TPR board, argues that Titcomb has played a key role in the turnaround: “She has been a real catalyst for change, working with energy and drive to get results and make a difference to the way we work. Lesley has strengthened our leadership team and will continue, over the coming months, to implement TPR Future, the change programme she and I instigated together which is already making us a more effective regulator.”

Among others, Titcomb has contributed to securing £363m for members of the BHS pension schemes and £329m for Coats members, she has also negotiated enhanced pensions for the members of the British Steel Pension Schemes by securing over £500m from Tata Steel UK to set up a new scheme.

The regulator will now actively seek to hire her successor, whose appointment will be subject to the approval of the Secretary of State for Work and Pensions.

0

Leave your comment

View our comments policy

Please login or register with us to leave a comment. It's completely free!