Introduction
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 seeking two Non-Executive Directors to 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.
Introduction from the Minister
A Message from the Minister for Pensions, Torsten Bell
Dear Candidate
Thank you for your interest in applying for the role of Non-Executive Director at The Pensions Regulator (TPR).
This is a vital role at the UK’s regulator of work- based pension schemes. Thanks to Auto-Enrolment, more than 8 in 10 workers are now saving into a pension. But, if the challenge of the last decade was getting people saving, the challenge of the next is to ensure they get value for money from the savings they make.
At the same time the pensions landscape is evolving into fewer, larger schemes, with the forthcoming Pensions Schemes Bill set to create a system better able to deliver for savers, whilst supporting growth in the UK economy.
As the pensions market transforms in the face of major reforms such as the introduction of mega funds, TPR’s will also need to evolve to ensure it is stewarding the market towards our priorities of economic growth while continuing to ensure the best possible retirement outcomes.
TPR is meeting this challenge through transforming the way it works, to be a risk-based regulator that requires new capabilities and behaviours. The successful candidate will contribute to the oversight of the organisation, helping to ensure it operates efficiently, and effectively to ensure benefits of members of pension schemes are protected.
As TPR continues to evaluate and transform how it delivers against the statutory objectives there has never been a more exciting time to join the organisation.
If you have the experience and skills that we are seeking and have got what it takes to join the board at TPR, I would welcome an application from you.
If you have questions about the appointment process, you can contact the Department for Work & Pensions Public Appointments Team via alb.publicappointments@dwp.gov.uk.
Additional introductions
A Message from DWP Permanent Secretary, Peter Schofield
I want Department for Work and Pensions (DWP) and our arm’s-length bodies to be places where everyone, whatever their background, feels encouraged to achieve their potential. I believe attracting talented individuals from diverse backgrounds, including regional diversity and the full range of socio- economic groups, will allow us to be better able to provide the best possible support to those we serve.
DWP continues to support Cabinet Office in working towards 50% of all public appointees to be female and 14% of all public appointments to come from ethnic minority backgrounds. We value diversity and inclusion and actively encourage and welcome applications from everyone.
If you are looking for an opportunity to use your talents to make a difference to the lives of millions of your fellow citizens, we look forward to hearing from you.
Appointment description
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;
•Building and 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 (See below).
Organisation description
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.
Board composition
The Board is specifically responsible for:
•establishing and taking forward the regulator’s strategic aims and objectives consistent with its overall strategic direction and within the policy and resources framework determined by the Secretary of State;
•ensuring that the responsible minister is kept informed of any changes which are likely to impact on the regulator’s strategic direction or on the attainability of its targets, and determining the steps needed to deal with such changes;
•ensuring that any statutory or administrative requirements for the use of public funds are complied with; that the Board operates within the limits of its statutory authority and any delegated authority agreed with DWP, and in accordance with any other conditions relating to the use of public funds; and that, in reaching decisions, the Board takes into account guidance issued by DWP;
•ensuring that the Board receives and reviews regular financial information concerning the management of the regulator and is informed in a timely manner about any concerns about the regulator’s activities; and provides positive assurance to DWP that appropriate action has been taken on such concerns;
•demonstrating high standards of corporate governance at all times, including by using the independent audit committee to help the Board to address key financial and other risks;
•appointing, with the responsible minister’s approval, a Chief Executive and, in consultation with the Department, setting performance objectives and remuneration terms linked to these objectives for the Chief Executive which give due weight to the proper management and use and utilisation of public resources.
Regulation of appointment
This post is regulated by the Commissioner for Public Appointments. For more information, please refer to the
Commissioner’s website
Essential criteria
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.
Desirable criteria
•Candidates to have knowledge of, or a willingness to develop, an understanding of the policy and political environment within which the public sector operates whilst being clear on their non-executive role to support the nuclear regulator’s priorities.