David Fairs, Executive Director for Regulatory Policy, Analysis and Advice at The Pensions Regulator, shares a summary of a day in his role.
Early start to London and an opportunity to read the briefs on who I am due to meet this morning.
Leisurely walk from Waterloo to Millbank House, an outpost of the House of Lords. I have a meeting with a Lord who has a particular interest in personal finance and pension changes. He is particularly keen to understand pension superfunds and how they will be regulated going forward.
Quick dash from Millbank House to Portcullis House and disappointing to find that the queue is longer than normal. Only just make it through security in time to meet a Conservative MP who has a keen interest in pensions. A full run through of CDC schemes, pension superfunds, new funding code and the new powers which he is particularly interested in. He is likely to be an active contributor to any debate on these issues in the Commons and so asks to be kept fully briefed.
On the tube to the CBI for another briefing on where our current thinking is on the new funding code and a discussion on how this might impact business. Back on the tube and just in time to grab lunch to eat on the Gatwick Express to Brighton, thankfully it’s running to time. Quick email back to the stakeholder affairs team to update them on meetings. Also time to catch up on emails and make sure I am on top of papers for programme board which I am chairing.
Walk down the hill and into our in-house cafe to grab a coffee and then straight into the programme board meeting. This is a special board meeting to discuss points of principle that will be in our online guidance for superfunds and is to be published at the same time as DWP’s consultation paper. There is a lively debate on how much detail we should require superfunds and schemes to provide. We agree to produce a paper for Executive Committee (ExCo) sign off.
Then it’s outside to be filmed in the back of a taxi. All ExCo members have to do a short conversation with the cab driver which is being put together as an opening video for our staff conference.
Then finally it’s a quick catch up in the cafe with my Pensions Bill project manager to cover off challenges on resourcing, budget and timing requirements with DWP – thankfully he has an Earl Grey tea waiting. Then it’s a quick catch up on emails and start the journey home...