From The Pensions Regulator:
The Pensions Regulator was today chosen as a finalist for ‘The Better Regulation Award’ at the forthcoming National Business Awards.
Previously a finalist in 2007, the regulator has been shortlisted this time for its programme of work to minimise the burden on pension schemes of meeting their legal duty to register and submit data to the regulator.
This programme has centred on the in-house development of the online ‘Exchange’ platform which has enabled significant reductions in the burden of the registration and scheme return process. We consulted widely with our stakeholders in designing and testing Exchange and we incorporated their ideas into this new platform.
This has included cutting the amount of data requested by up to 20%; pre-populating online forms to reduce the time taken on data entry; and allowing schemes to update their data online at any time…