David Fairs to step down from TPR in mid-March

Fairs announced he will be leaving the role in March 2023 to pursue new challenges.

An interim Director of Regulatory Policy, Analysis and Advice will be appointed.

David, who joined TPR in July 2018, has overseen the introduction of several major policy initiatives throughout a time of significant change and challenge for the pensions industry.

These include new powers under the Pension Schemes Act 2021, the Pension Schemes Act to climate legislation and publishing the DB funding code consultation, currently out for consultation.

Read more: TPR appoints Nausicaa Delfas as Chief Executive

He has also worked with the Financial Conduct Authority and Department for Work and Pensions to define value for money (VfM) in defined contribution pensions, leading to a proposed new VfM framework due for consultation later this year.

Fairs championed TPR’s work on climate change and through robust leadership has helped the body and the wider industry take vital strides to help embed equality, diversity and inclusion.

TPR Chief Executive Charles Counsell said: “David has been a highly valued member of our Executive Team and Board for more than four years, during which time he has shown exceptional leadership internally and amongst our key stakeholders.

“He has played a pivotal role in implementing ground-breaking policies that are already helping to better protect savers and drive stronger retirement outcomes. His knowledge and experience will be sorely missed but we all wish him well as he moves on to new challenges, in which I am sure he will continue to make a real difference.”

Fairs said: “I am very proud of the work that the team at TPR have driven forward in my four and a half years with the organisation. I’ve had the opportunity to work with committed, passionate people who really care about the work they do to protect savers.

“A New Year is a time for change, and is the right time for me to pursue new challenges. I wish the team at TPR all the best for the future – the work they do is so important and I know that they will continue with the drive and determination I’ve seen in my time with them.”