From The Pensions Regulator:
Continuing to improve the way we work in order to provide better and more efficient services, and striving to deliver more for less, are two of the themes reported in our
Examples of our better working include our online scheme maintenance system, Exchange, which allows information – such as registering a new occupational scheme, or making changes to scheme details – to be sent electronically, instead of previous paper based requirements.
Other positive developments include the provision of more resources for the Employer Compliance Regime.
And doing more for less includes the efficiency savings of 5 percent year on year that we have made.
Our corporate plan also reflects the pressures that trustees and employers are facing in the present economic climate. We are moving resources to areas that may need extra support….