It has recently been announced that Lesley Titcomb, the chief executive of the Pensions Regulator (tPR), will leave her role after her current contract ends in February 2019. Ms Titcomb’s decision to step down comes after she recently received heavy criticism from MPs over tPR’s handling of the collapse of Carillion (a construction and civil engineering company) earlier this year.

Until Ms Titcomb leaves, she will continue to lead the executive team that is currently focusing on a programme of change designed to make tPR clearer, quicker and tougher. Mark Boyle, chairman of tPR announced that subject to the approval of the Secretary of State for Work and Pensions, the search for her replacement will begin immediately.