This is a transcript of the graphic of our strategic priorities, goals and saver outcomes intended as supporting material for the Corporate Plan 2022 to 2024.
Security
Strategic goal: savers’ money is secure.
For savers’ outcomes this means:
- DC savers get the pensions they are entitled to
- savers’ contributions are paid correctly and on time
- DB savers get the money promised to them
- savers are protected from scammers
- savers are protected from cyber risks
Value for money
Strategic goal: savers get good value for their money.
For savers’ outcomes this means:
- savers’ money is invested appropriately
- savers pay reasonable costs and charges
- savers get reasonable services
Scrutiny of decision-making
Strategic goal: decisions are made in savers’ interests.
For savers’ outcomes this means:
- savers benefit from fair and transparent scheme decisions
- management of savers’ money takes account of environmental and social outcomes
- diverse and inclusive trustee boards make good decisions for savers
- employers make decisions in savers’ interests
- savers can access good advice and guidance
Embracing innovation
Strategic goal: the market innovates to meet savers’ needs.
For savers’ outcomes this means:
- savers are able to better interact with their savings
- new DB scheme models meet savers’ needs
- new DC scheme models meet savers’ needs
Bold and effective regulation
Strategic goal: TPR is a bold and effective regulator.
For savers’ outcomes this means:
- savers benefit from alignment, simplicity and reduced burden in the system
- savers get good value for money from TPR
- policy and regulation protects and enhances savers’ outcomes