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The Pensions Regulator
The Pensions Regulator was established under the Pensions Act 2004 as a non-departmental public body, sponsored by the Secretary of State for Work and Pensions, to regulate work-based Pensions. The Public Service Pensions Act 2013 introduced and expanded role for the Regulator in overseeing the major work-based Pension Schemes for those working in the Public Services throughout the UK. Therefore, since 1 April 2015, the LGPS as a Public Service Pension Scheme is now under greater scrutiny by the Pensions Regulator whose role now includes overseeing the Governance and Administration requirements of the Scheme.