Tony Hobman, chief executive of the Pensions Regulator, said:
"This has been a tough year for schemes and for those running them. We have continued to deliver against our long-term strategic themes, focused on our statutory objectives, to protect member benefits, to reduce calls on the Pension Protection Fund and to raise the standards of governance and administration across work-place pensions in the UK.
At the same time we have delivered extra support through the economic downturn, including a recent series of statements and a round of national workshops to explain our approach to scheme funding.
We have also sustained our commitment towards Better Regulation. By reducing collection burdens and introducing pre-populated scheme returns, contributing to our drive to doing more for less, we have been able to target more resources on our regulatory front line."
To view the press release in full:
http://www.thepensionsregulator.gov.uk/mediaCentre/pressReleases/pn09-09.aspx
To view the annual report and accounts 2008-2009:
http://www.thepensionsregulator.gov.uk/pdf/AnnualReportAccounts20082009.pdf
Media relations
The Pensions Regulator
amediarelations@thepensionsregulator.gov.uk
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