The Pensions Regulator has made 25 redundancies as part of “internal structural changes” that sees the merger of its defined contribution and defined benefit policy teams.
The redundancies, all of which were voluntary, represent about 5 per cent of the regulator’s workforce. There will be no changes to the roles of the executive directors for auto-enrolment, DB and DC.
A TPR spokesperson said: “We operate in a dynamic market place with significant new legislation to assimilate.
“A key element of our reorganisation within the DB and DC policy teams is to bring similar types of work together and reduce duplication of effort. Some redundancy situations have arisen as a result of this process. We have made every effort to minimise the need for any redundancies, including offering staff alternative roles in the organisation.”