Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Pensions Regulator definition

What does Pensions Regulator mean? The Pensions Regulator (TPR) is the UK regulator for work-based pension schemes in legal practice: it oversees occupational (trust-based) schemes and employer duties for work-based personal pensions, including automatic enrolment. Created by the Pensions Act 2004 (replacing OPRA in April 2005), its statutory objectives are to protect members’ benefits, reduce the risk of claims on the pension protection fund, promote and improve understanding of good administration, maximise compliance with employer automatic enrolment duties, and, for defined benefit funding, to minimise any adverse impact on the sustainable growth of an employer. TPR issues codes of practice and guidance and can require...

The UK Pensions Regulator: objectives, governance (non-executive committee and Determinations Panel), powers, codes (2024 General Code), enforcement and Upper Tribunal appeals, and co-ordination with the FCA

Published by a LexisNexis Pensions expert

Practice notes

This Practice Note outlines the remit of the Pensions Regulator (TPR). For details on TPR’s role specifically regarding public sector pension schemes, see the Practice Note in respect of public sector schemes.

Background to the role

TPR, an executive non-departmental public body of the Department for Work and Pensions, is the UK regulator for work-based pension schemes. The office was established on 6 April 2005 by the Pensions Act 2004 (PeA 2004), s 1, replacing the Occupational Pensions Regulatory Authority (OPRA), the former pensions regulator. TPR’s remit and powers are, however, considerably wider than those of its predecessor.

Under PeA 2004, s 5(3), a ‘work-based pension scheme’ means:

an occupational pension scheme
a personal pension scheme where there are ‘direct payment arrangements’ for one or more members of the scheme who are employees, or
a stakeholder pension scheme

For further information on the different types of pension arrangements, see Practice Note: Types of pension arrangements for employees...

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Wyn Derbyshire

gunnercooke LLP

Wyn is a partner at gunnercooke LLP and specialises in pensions, trust and employment law in all industry sectors, dealing with the transactional, advisory and documentation aspects.He also has wide experience of the pensions implications of heavyweight corporate transactions and flotations, the issues arising from the establishment and merger of pension schemes, and sex equalisation and other discrimination issues in respect of benefits provided by pension schemes. In addition, he provides advice to pension scheme trustees generally.Recent transactions include advising Amcor on pension matters relating to the acquisition of Alcan business and the acquisition of Northern Foods PLC by Boparan Holdings.He is a co-author (with Stephen Hardy and Stephen Maffey) of TUPE: Law and Practice, published by Spiramus Press (now in its 4th edition), and co-author (with Stephen Hardy and David Wicks) of Money & Work, published by Spiramus Press in August 2007. He has also...

Web page updated on 22/05/2026

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