Pensions Regulator publishes Corporate Plan update along with Annual Report and Accounts

The Regulator published its year two update to its three year corporate plan for 2024-27, together with its annual report and accounts for 2024-25, on July 17, 2025.

The corporate plan update sets out the core activities that the Regulator intends to focus on during 2025/26, including:

• Developing a new strategy for raising trusteeship standards, ensuring trustees have effective operational and cyber resilience systems, and improving investment governance practices. The Regulator also intends to introduce a new enforcement strategy, “leading to the implementation and embedding of enhanced enforcement approaches”.
• Delivering value for money by continuing to work in partnership with the DWP and FCA to deliver core solutions through the Pension Schemes Bill 2025, including the value for money framework, guided retirement and small pots.
• Working to support innovation in “endgame solutions”, and to support and develop legislative frameworks relating to return of surplus and DB superfunds, as set out in the Pension Schemes Bill 2025. 

The Regulator has also published its annual report and accounts for 2024/25, setting out a detailed performance analysis over the year, and showing that it met the majority of its key performance indicators. However, the target relating to cyber risk and pensions technology was not met and the Regulator states that it will work with experts to understand the risks to savers posed by cyber-attacks.