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Pensions regulator appoints Stephen Soper as interim chief exec

Philip Martin Openwork 480

The Pensions Regulator has appointed Stephen Soper as interim chief executive.

Soper, who is currently executive director of defined benefit regulation, will take charge of the regulator until a permanent replacement for Bill Galvin is appointed.

Galvin quit TPR in June to become chief executive of the Universities Superannuation Scheme.

TPR chairman Michael O’Higgins says: “The role of chief executive requires a wide range of regulatory, industry and policy skills. 

“While the regulator searches for a new chief executive, the board has decided to appoint Stephen Soper as interim chief executive.

“His appointment will ensure we maintain effective leadership and clear accountability while we continue the recruitment process.

“Stephen has substantial experience of senior roles in both the financial services industry and the regulator.”

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  1. Can someone please explain to me why we have a pensions regulator along with the twin peaks regulators? Whay are they needed, how are they funded and how much do they cost the pension industry?

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