Ex-Pensions Regulator boss quits for PwC

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Former interim chief executive of The Pensions Regulator Stephen Soper is leaving the organisation to join PwC.

Soper, who has led the regulator’s defined benefit oversight since March, will become senior pensions adviser at the consultancy.

He will leave at the end of the month, and has stopped all casework activity.

The regulator has yet to announce a replacement.

Soper joined TPR in 2009 to restructure the regulator’s risk and funding activities.

He stepped up to the board as an executive director in February 2011, and spent two years as interim chief executive prior to the appointment of former FSA chief operating officer Lesley Titcomb earlier this year.

TPR chair Mark Boyle says: “Under Stephen’s leadership of DB, the regulator has achieved landmark case outcomes that have boosted the security of members’ pensions, including last year’s £184m settlement for the Lehman Brothers Pension Scheme.

“The regulator’s voice is now heard with much greater clarity as a result of Stephen championing transparent casework reports and publication of an annual guidance statement on the funding of DB schemes.”