ARTICLE · 05 NOVEMBER 2024
Pensions Regulator Publishes Digital Data And Technology Strategy
On October 22, 2024, the Regulator unveiled its five-year digital, data, and technology strategy aimed at enhancing pension schemes by reducing burdens, improving risk targeting through innovative data collection, and fostering market competition with AI-driven insights for better member protection.
United KingdomEmployment and HR
On October 22, 2024, the Regulator announced the publication of
its digital, data and technology strategy. This is a five-year plan to update
its capabilities in these three areas and embrace new ways of
working to improve saver outcomes.
The strategy document outlines three aims:
- Reduce unnecessary burden on pension schemes, for instance by
capturing data once, and then sharing it between agencies as
needed.
- Allow targeting of risk more effectively. The Regulator will
use new technology and "best practice" collection methods
and standards. A policy of "capture once and reuse" data
collection will give "deeper insight and better understanding
of scheme risks and investment approaches".
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