The Regulator has published its Corporate plan (the Plan) for the period 2007 to 2010. The Plan sets out the Regulator’s strategy, objectives and the planned distribution of resources in the next three years. The key priorities identified in the Plan are:
- to strengthen funding of defined benefit schemes;
- to improve pension scheme governance;
- to reduce the risks to members of defined contribution schemes; and
- to deliver effective risk-based regulation.
The Regulator has stated that its challenge for the future is to define and perform its role in the implementation of “personal accounts” being introduced by the Government.