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Pensions Regulator to take steps to lower risk on defined-benefit and defined-contribution schemes

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The Pensions Regulator plans to reduce risk around pensions to take some pressure off employers and trustees.

The Regulator has pledged to take steps to improve governance and administration of pensions, reduce risk to defined-benefit (DB) and defined-contribution (DC) scheme members and help employers prepare for the arrival of Personal Accounts and new pensions legislation in 2012.

Tony Hobman, chief executive of The Pensions Regulator, said: "We continue to take a regulatory approach that is vigilant to the immediate risks both DB and DC schemes are facing and is focused on achieving good long-term outcomes, acknowledging the interests of pension savers are best served by enabling employers to play their part in the economic recovery."