The Pensions Regulator - Non-Executive Directors

Body: The Pensions Regulator
Appointing Department: Department for Work and Pensions
Sector: Regulation
Location: Brighton
Skills required: Audit and Risk, Change Management, IT / Digital, Transformation
Number of Vacancies: 3
Remuneration: £17,992
Time Requirements: A minimum of 26 days per year


An announcement has been made on the outcome of this appointment.

The Pensions Regulator appoints three non-executive directors
Ref: PN20-08
Issued: Monday 2 March 2020
The Pensions Regulator (TPR) today announces the appointment of three non-executive directors to its Board by the Secretary of State for Work and Pensions.
Chris Morson and Katie Kapernaros will be appointed to the Board on 1 April along with the reappointment of Sarah Smart following an open competition. The appointments are for four years.
They fill vacancies created by the departures of Margaret Snowdon and Tilly Ross whose terms of office will shortly come to an end.
Chair of The Pensions Regulator, Mark Boyle, said: “I warmly welcome the appointment of Chris and Katie and I’m very pleased to be continuing to work alongside Sarah.
“Chris and Katie have significant experience in making the most effective use of data and dealing with large-scale technological change. This will be of particular value as we work to support internal system changes and external initiatives, such as the development of a pensions dashboard and the better use of data.
“I also thank Margaret and Tilly for their four years of very valuable contributions particularly in support of TPR’s transformation into a clearer, quicker and tougher regulator.”
Notes for editors
1. Chris Morson was appointed a non-executive board member and Audit and Risk Committee member at DVLA in 2013 and re-appointed in 2016. He was appointed a non-executive Board member at HM Land Registry in 2018. Chris was a non-executive director at the Money Advice Service. He has spent much of his career in financial services and specialised in digital transformation at scale as managing director of the digital business of RBS/NatWest and at Virgin Money.
2. Sarah Smart is an experienced non-executive director and independent trustee. A chartered accountant, she holds a portfolio of non-executive and advisory positions. She is senior independent director and chair of the Audit Committee for TPR and independent member of the Unilever Pension Scheme Investment and Funding Committee and chairs the Financial Times Pensions Governance Committee.
3. Katie Kapernaros is an experienced IT executive, spending most of her career at IBM, managing large teams and budgets. She now has a portfolio of non-executive roles in the public sector, covering digital, property and health organisations.
4. The remuneration is £17,992 for a minimum of 26 days per year. These appointments have been made in accordance with the Office of the Commissioner for Public Appointments Code of Practice.
5. The Pensions Regulator is the regulator of work-based pension schemes in the UK. Our statutory objectives are: to protect members’ benefits; to reduce the risk of calls on the Pension Protection Fund; to promote, and to improve understanding of, the good administration of work-based pension schemes; to maximise employer compliance with automatic enrolment duties; and to minimise any adverse impact on the sustainable growth of an employer (in relation to the exercise of the regulator’s functions under Part 3 of the Pensions Act 2004 only).
Press contacts
Matt Adams
Media Relations Manager
01273 662086

Date: 02/03/2020

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Campaign Timeline

  • Competition Launched


  • Closed for Applications


  • Panel Sift


  • Final Interview Date


  • Announcement

    02/03/2020 at 12:00


Assessment Panel

Vacancy Description

The Pensions Regulator (TPR) is the independent UK regulator of work-based pension schemes. We are an arms-length public body sponsored by the Department for Work and Pensions (DWP). We work with trustees, employers, and business advisers of occupational pension schemes in the private and public sectors, to help them understand their legal duties and the standards we expect. We also work with employers and their advisers to ensure compliance with Automatic Enrolment duties.

Our 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 our 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 works within the policy and resource framework determined by the Secretary of State; its Corporate Plan and its financial resources and headcount budget is agreed with the DWP.

Person Specification

Each Non-Executive Director will:

  • Contribute to the Pensions Regulator Board meetings and discussions, drawing on their breadth of expertise and experience;
  • Contribute to and review the strategic direction of the Board;
  • Scrutinise the performance of the Chief Executive in securing that TPR’s functions are exercised efficiently and effectively;
  • Monitor the extent to which the Board is meeting its statutory objectives, KPIs, KOIs and other targets;
  • Monitor the Board’s reporting of its activities to the Secretary of State in the annual report;
  • Evaluate the effectiveness of the Board’s internal financial controls;
  • Contribute to setting the remuneration of the Chief Executive;
  • Act as a confidant, mentor and wise counsel to the Chair, balancing a challenging approach with being supportive;
  • Contribute through ad hoc involvement with the executive team and other TPR staff on specific areas of interest/priority;
  • Where appropriate, represent TPR externally, and help it build relationships with key stakeholders;
  • Contribute their own professional experience to guide the development of the Pensions Regulator in a way that is supportive, collegiate and adds value; and
  • Demonstrate a commitment to the Seven Principles of Public Life.

NEDs will each participate in the Non-Executive Committee and one of its sub-committees, currently the Audit and Risk Assurance Committee and the Remuneration Committee.

How to Apply

In order for us to progress your application please submit the following completed documentation:

  1. A CV (maximum 2-3 pages) with your education and professional qualifications and full employment history.
  2. An accompanying Supporting Letter (maximum 2 pages) – this is your opportunity to demonstrate how you meet each of the essential criteria set out on page 7. You should aim to provide specific examples that demonstrate how your knowledge and experience matches each of the criteria, and which describe what your role was in achieving a specific result. Please ensure your full name, the post for which you are applying and the corresponding reference number for the post are clearly noted at the top of your letter.
  3. Please ensure your full name and the post for which you are applying is clearly stated at the top of your CV and Supporting Letter.
  4. Personal Information Form. Most of the information requested is not seen by the panel assessing your application (though the panel will consider any declaration of interests).
  5. Diversity Monitoring Form. Collecting and analysing candidate data will help us improve our diversity strategy. It will allow us to run more successful recruitment exercises in the future and ensure that competitions are fair for all. This form is not part of the selection process and will be treated in strictest confidence. It will be kept separate from your application and not be seen by the selection panel.
  6. If relevant, please also submit a completed Guaranteed Interview Scheme Form if applying under this scheme.

Reasonable Adjustments

If you have a disability and require reasonable adjustments to enable you to attend for interview, please advise us when you return your application.

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