Non-Executive Director x 2 – Pensions Regulator in Brighton

Non-Executive Director x 2 – Pensions Regulator Closed

*Closes 5th January*

The Pensions Regulator (TPR) is the UK’s regulator of workplace pensions, dedicated to protecting members’ benefits and promoting high standards across the pensions industry. TPR works to ensure that employers, trustees, and pension providers meet their obligations, safeguarding retirement outcomes for millions of savers.

DWP are seekingtwo Non-Executive Directorsto join TPR’s Board. These roles offer an opportunity to influence the strategic direction, provide independent challenge, and uphold governance in a dynamic regulatory environment.

The Non- Executive Director (NED) role

The successful candidates will contribute to the Board’s role in leading TPR, with the opportunity to influence the future direction of pensions regulation in Great Britain.

Key responsibilities include:

Helping lead the work of TPR by operating effectively as a Board Member and contributing to Board meetings and discussions;

• Chairing or participating in the activities of Board Committees;
• Buildingand maintaining effective working relationships with a broad range of networks and stakeholders.
• Providing guidance on financial management and ensuring the effective scrutiny of TPR’s financial practices, in line with public sector accountability standards;
• Representing TPR externally, acting collectively in representing its decisions to stakeholders and the general public;
• Acting as a critical friend to TPR’s senior staff, particularly in their area of expertise; and
• Demonstrating a commitment to the Seven Principles of Public life

TPR’s statutory objectives are set out in the Pensions Act 2004. These are:

• to protect the benefits of members of occupational pension schemes;
• to protect the benefits of members of personal pension schemes where direct payment arrangements are in place;
• to reduce the risk of situations arising which may lead to compensation being payable from the Pension Protection Fund (PPF);
• in relation to its functions for DB scheme funding only, to minimise any adverse impact on the sustainable growth of an employer;
• to maximise employer compliance with employer duties and the employment safeguards introduced by the Pensions Act 2008;
• to promote, and to improve understanding of, the good administration of work-based pension schemes.

TPR is based in Brighton, United Kingdom, where its Board meetings are generally held. More information can be obtained from the TPR website and from the TPR Annual Report and Accounts.

TPR’s statutory objectives are set out in the Pensions Act 2004. These are:

• to protect the benefits of members of occupational pension schemes;
• to protect the benefits of members of personal pension schemes where direct payment arrangements are in place;
• to reduce the risk of situations arising which may lead to compensation being payable from the Pension Protection Fund (PPF);
• in relation to its functions for DB scheme funding only, to minimise any adverse impact on the sustainable growth of an employer;
• to maximise employer compliance with employer duties and the employment safeguards introduced by the Pensions Act 2008;
• to promote, and to improve understanding of, the good administration of work-based pension schemes.

TPR is based in Brighton, United Kingdom, where its Board meetings are generally held. More information can be obtained from the TPR website and from the TPR Annual Report and Accounts.

Person specification

It is important that in your supporting letter you provide evidence relating to the essential criteria below.

We are seeking candidates with the right skills and abilities to complement the existing Board members and who will be able to contribute across the Board’s remit. The successful candidates will need to demonstrate

Knowledge: a clear understanding of the pension sector or wider financial services sector and how it operates.

Experience: a good level of experience with continuous improvement, as well as an ability to think innovatively.(Lead Criteria)

Communication: strong communication and interpersonal skills with the ability to listen, accept challenge and constructively challenge others in discussions with clarity and respect.

Judgement: effective decision-making skills with the ability to critically analyse a wide range of information to make clear and objective evidence-based recommendations to support the delivery of the organisation’s objectives.

Collaboration: ability to work closely with the executive board and other key stakeholders, providing support, constructive challenge and assurance as appropriate.

Experience of working in a regulated environment in financial services or the pensions sector.

The Pensions Regulator (TPR) will be hosting a webinar to provide further insight into this role. Details, including the date and time of the session, will be shared in due course. We encourage you to attend, as this will be an excellent opportunity to learn more and ask any questions you may have.