The Pensions Regulator’s (TPR) policy wonk David Fairs is to leave the organisation in mid-March to pursue new challenges.
Fairs, whose official title is executive director of regulatory policy, analysis and advice, joined TPR in July 2018.
He has overseen the introduction of some key policy initiatives throughout a time of change in the pensions industry.
These include new powers under the Pension Schemes Act 2021, including collective defined contribution and pensions dashboards, and the development of TPR’s new defined benefit (DB) funding code, currently out for consultation.
Fairs also worked with the Financial Conduct Authority and Department for Work and Pensions to define value for money (VfM) in defined contribution pensions, leading to a proposed new VfM framework due for consultation later this year.
He has also overseen TPR’s pool of professional advisers, championed TPR’s work on climate change and helped TPR and the wider industry take strides to embed equality, diversity and inclusion.
TPR chief executive Charles Counsell said Fairs “has played a pivotal role in implementing ground-breaking policies that are already helping to better protect savers and drive stronger retirement outcomes”.
Fairs added: “I am very proud of the work that the team at TPR have driven forward in my four and a half years with the organisation. From the Pension Schemes Act to climate legislation, to publishing the DB funding code consultation, I’ve had the opportunity to work with committed, passionate people who really care about the work they do to protect savers.”
When Fairs leaves TPR in mid-March an interim director of regulatory policy, analysis and advice will be appointed.
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