The Department for Work and Pensions has announced the
appointment of Mary Starks to lead a review of The Pensions
Regulator (TPR).
This is in line with the expectation that public bodies are
reviewed each Parliament. The Minister for Pensions has asked
Starks to aim to deliver the report in May 2023.
Stark’s previous experience includes serving as executive member
of the Board and Director of Competition and Chief Economist at
the Financial Conduct Authority. She has also served as Executive
Director of Ofgem, focussed on innovation, customer behaviour and
safeguarding public confidence while moving towards a net zero
carbon and digitalised energy system.
Minister for Pensions MBE said:
All public bodies must ensure that they are accountable and
working for taxpayers.
Mary Starks has a background working in the regulatory sector and
with public bodies, which will help her to deliver effective
recommendations.
TPR Lead
Reviewer Mary Starks said:
I am delighted to be appointed to lead this review. The Pensions
Regulator plays a vital role protecting the interests of savers
and ensuring employees benefit from workplace pensions.
As well as drawing on my own regulatory experience, I look
forward to hearing from stakeholders from across the pensions
sector and working closely with the teams at DWP and TPR.
The lead reviewer aims to identify efficiency savings of more
than five percent where possible.
Additional Information:
- Mary Starks has been recruited by direct appointment and will
be compensated in line with Cabinet Office Guidance.
