In a recent blog, The Pensions Regulator (TPR) explains to schemes, advisers and administrators that its approach to regulation in 2025 will be one which builds on addressing individual risks at scheme level, by also including risks that impact the market and wider financial environment. To do this, it makes clear that collaboration and sharing ideas openly is a must within the industry, with the aim being to ‘stop things catching alight in the first place’ and to ‘focus on long-term outcomes for savers over tick-box regulation.’ It is important to be conscious that it may step in if this offer of collaboration is ignored, using its powers where necessary.
To achieve collaboration over the next 12 months, TPR intends to reduce regulatory burden in how it shares information – it will continue to supervise the most strategically significant schemes starting with master trusts, and will launch an innovation hub to encourage industry to support market innovation and share ideas openly at an early stage. Other areas mentioned include giving its support to help improve data quality, tackling serious crimes, progressing the joint value for money framework and providing new guidance for defined benefit schemes around the full range of alternative models.
From a governance perspective, it is important to note that with the pensions landscape rapidly changing and ensuring it fulfils its mission to protect, enhance and innovate in savers’ interests, it makes sense that TPR are taking this ongoing collaborative approach with industry.
The challenges for pensions schemes and trustee boards are understanding how they can best support these aims, maintain a proportionate and cost effective risk management framework and be aware of the reporting requirements.
At Pi we see that reviewing risk management frameworks as central to our role as governance specialists whether as trustee or as scheme secretary.
Read the full blog here – https://blog.thepensionsregulator.gov.uk/2025/02/17
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Everyone has different needs, and we support this balance offering true flexibility in how our people manage their time and fully support part time working and a family friendly approach.
We believe in clear and transparent communication and create regular opportunities for internal communication. Our regular business updates and opportunities to input into the business ensures everyone feels part of the team and on the same page at Pi, ensuring our hybrid working model is effective regardless of where you are based.
Nurturing every Pi Person is important to us and we want to ensure everyone has the opportunity for continued professional development by providing the space to do this alongside client commitments. Everyone has an individual Personal Development Plan catered to them, whether they are on the start of their journey with Pi or those looking at ways to transition into the next stage of their careers.
Everyone has the opportunity for a regular development and progression review and everyone has ownership over their own development with input and guidance of senior member of the team where required.
We provide regular opportunities to share knowledge amongst our teams through Lunch Time Learn in sessions and actively encourage involvement and participation into this.
We are an open, friendly and supportive team who thrive in a flexible and autonomous environment. Our people are trusted to get on with things, adding value and individual contribution, whilst maintaining a good work life balance and ideally having fun along the way.
We want to ensure we cultivate our special culture and our focus is to maintain our exceptional engagement levels. We are proud to have been awarded the Sunday Times Best Place to Work for small businesses in 2023 and 2024, and also in 2025 after moving to the medium-sized business category.
Our employee ownership structure is central to our philosophy of making sure every Pi Person is part of our success story, contributing to how we run the business, and sharing in the profits. We know that being successful is not just down to numbers, it’s about our people who all contribute in their unique way to our success and creating a working environment where everyone has a voice.
Amanda is a Board Director of Pi Partnership Group and leads the development of Pi’s services. She works closely with clients, the Pi team and professional advisers to ensure all of Pi’s services meet the changing needs of the pension market and deliver clear value to Pi’s clients.
Amanda has over twenty-five years’ experience in the pensions industry and, as well as ensuring Pi’s services continue to meet the needs of our clients in a rapidly changing pension landscape, is also a member of Pi’s Executive Management Team. She provides specialist project management for clients on a range of services, including adviser selection and review, trustee board assessment and governance design.
As well as being a Fellow of the Pensions Management Institute (PMI) and Chair of the PMI London Group, Amanda holds PMI certificates in Pensions Automatic Enrolment and DC Governance, was a past Prince2 practitioner and is a Certified Risk Management Practitioner.
What do you most enjoy about your role: Successfully delivering complex projects and creating a happy team environment.
Interests outside work: Travel, theatre and as part of Abundance London helping create beautiful spaces in urban settings.
Top achievement to date: Competing in the 2005/06 Round the World Clipper race.
