The Pensions Regulator - Non-Executive DirectorsClosed
|Body:||The Pensions Regulator|
|Appointing Department:||Department for Work and Pensions|
|Skills required:||Audit and Risk, Change Management, IT / Digital, Transformation|
|Number of Vacancies:||3|
|Time Requirements:||A minimum of 26 days per year|
Closed for Applications
Final Interview Date
Head of ALB Partnership, DWP • Departmental Official
Chair, The Pensions Regulator • Representative of Organisation
Former OCPA appointed Public Appointments Assessor. • Independent Member
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.
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.