VFM Pensions #102: TPR’s Sarah Smart

In this episode of V-FM Pensions, hosts Darren and Nico chat to Chair of the Pensions Regulator Sarah Smart.

In a wide-ranging episode we chat about a lot of things including diversity (spoiler: Trump was mentioned...), climate change and climate investing, the doomsday clock ticking ever closer to midnight, surplus extraction for defined benefit schemes and the role of trustees (which caused Darren to semi-rant about conflicts of interest), and the need for innovation and scope for the use of AI in pensions and pensions regulation.

We chatted about how Sarah transitioned from the investment world to become an independent trustee, driven by a desire to make the pension system work better for people.

We also, of course, discussed value for money and current regulatory initiatives in this area, with Sarah highlighting the need for.... [well... you'll need to listen to the podcast....]. And, following hot on the heels of last week's episode, we covered the need for balance between achieving scale through consolidation and allowing for innovation and competition in the pensions market.

Lots in this one... enjoy!