The Pensions Regulator (TPR) has launched a consultation on its new proposed enforcement strategy, which includes changes designed to make enforcement smarter, more strategic, and more impactful.

In particular, the strategy includes changes intended to help put savers outcomes first, set clearer enforcement priorities, and create more targeted enforcement.

The changes are also intended to help ensure enforcement action is taken earlier to stop problems before they escalate, as well as promote cross-functional working and deepen collaboration with TPR's external partners and stakeholders.

TPR said that it is also building flexible and skilled teams, and using data and digital tools to help make smarter decisions, as well as optimising its communications on enforcement messages.

"Our new proposed enforcement strategy reflects a continuing and significant shift in how we regulate. It introduces a more focused, agile, and outcomes-driven model – one that is aligned with our statutory objectives, our corporate priorities, and our transition toward a more prudential and supervisory-led style of regulation," TPR executive director of compliance and enforcement group, Gaucho Rasmussen, said.

He added: "The strategy acknowledges that we will take a pragmatic, strategic, evidence-based approach, choosing the most effective tool for each case based on the risks and harms involved and the outcomes we are seeking.

"We want to be in a stronger position to respond to emerging risks, act decisively when standards fall short, hold individuals and organisations to account, and deliver positive outcomes for savers.

"This is not just a refinement in how we do things. It is an evolution... Not only will we uphold standards and protect savers, but we will foster a well-functioning, transparent pensions sector that contributes to long-term economic growth."

TPR also confirmed that it expects that the adoption of this strategy will require it to revisit its wider suite of enforcement policies and procedures, including areas where there may be overlap, opportunities for consolidation, or a need for updates.

This may include further consultation on specific policies to ensure they remain aligned with our new strategic approach.

However, in the meantime, it confirmed that its current enforcement strategy, policies and procedures remain in force and continue to guide its work.

TPR has urged the industry to engage with its consultation and help shape the new strategy, confirming that it will publish the final strategy and a summary of consultation responses in early 2026.

Rasmussen said: "As we consult on this strategy, we invite you to look beyond the surface and consider what’s truly at stake: the security of millions of savers and the integrity of the pensions system itself.

"This isn’t just a technical shift – it’s a cultural one. By embracing a more agile, preventative, and outcomes-focused approach, we’re laying the groundwork for smarter regulation that protects people before problems escalate, Rasmussen said.

"So, whether you’re a trustee, employer, adviser or simply someone who cares about the future of pensions, now is the time to engage, challenge, and shape the way forward. Read the strategy, share your views, and be part of the change."

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