Determinations Panel Members

Location
Brighton (although it is expected that an increasing number of meetings will continue to be held virtually)
Salary
£692 per day (based on an estimated 30-50 days a year)
Posted
05 Aug 2020
Closes
24 Aug 2020
Ref
3288940
Contract
Permanent
Hours
Part Time

Can you help protect the savings of 30million people?

The Pensions Regulator (TPR) is the UK regulator of work-based pension schemes. It is empowered by the UK government to regulate and look after the interests of defined benefit (DB) occupational and defined contribution (DC) work-based pension schemes, along with the employer compliance regime for auto-enrolment.

Together with its partners, it is driving up standards of trusteeship and improving savers’ understanding of their situations to create better outcomes in their later life.

The Determinations Panel’s decision making is independent of TPR, operating at arm’s length and reporting to TPR’s Chair. The Panel plays a key role in TPR’s exercise of its statutory functions.  It is responsible for making decisions relating to cases where TPR seeks to use certain powers.  The Panel has the power to make determinations in relation to a range of activities including scheme funding, imposing fines, appointing, suspending and prohibiting trustees. It has a separately appointed membership and legal support, enabling it to make independent and impartial decisions. It considers all the evidence before it and provides each party with reasonable opportunity to present their case.

This is a compelling time to join the Determinations Panel. Changes to TPR’s scheme funding, information-gathering and anti-avoidance powers has enabled it to be clearer about what it expects from employers in relation to scheme funding, and tougher where a scheme is not getting the funding it needs. Additionally, after successfully authorising existing master trusts in 2018/2019, the Panel will continue to be engaged in a range of new activities such as deciding requests for withdrawal of authorisation and scheme funder exemption requests. These changes to the regulatory setting, combined with a different macro-economic environment, promise an exciting future caseload for the Panel.

The Roles

Key responsibilities of the roles include:

  • Working with other Panel members to reach fair and reasoned decisions on all matters referred by regulatory case teams to the Panel for decision on the use of powers.
  • Analysing significant and complex data/reports.
  • Sound, consistent and robust decision making across all Panel activities
  • Maintaining an independent, objective perspective.
  • Both provide and receive feedback on the working arrangements within the Pensions Regulator, as they affect the Determinations Panel’s activities.

The Candidates

These are high profile and demanding appointments. They require individuals with strong analytical and decision-making skills as well as experience at a senior level in the business, finance or public sectors. We are also interested in applications from individuals with specific regulatory, legal, financial analysis or economics expertise as well as applicants who have an understanding of the need to reflect the interests of consumers or pension scheme members. We also welcome applications from a diverse range of candidates.

For more information or to apply please visit https://webmicrosites.hays.co.uk/web/tpr-determinations-panel alternatively contact Andrew Timlin or Simon Winspear at Hays Executive on 020 7259 8743.

Closing Date: 24th August 2020

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