The Pensions Regulator appoints interim chief executive

The Pensions Regulator (TPR) has appointed Stephen Soper (pictured) as interim chief executive, with effect from 1 August.

Soper, who was previously executive director for defined benefit (DB) regulation, will take charge of TPR until a permanent replacement is found for Bill Galvin, who left his position as chief executive at the end of June.

Geoff Cruickshank, a senior member of the DB regulation management team, has been appointed as interim executive director for DB regulation while the regulator searches for a new chief executive.  

Michael O’Higgins, chairman of TPR, said: “The role of chief executive requires a wide range of regulatory, industry and policy skills. While the regulator searches for a new chief executive, the board has decided to appoint Stephen Soper as interim chief executive.

“His appointment will ensure we maintain effective leadership and clear accountability while we continue the recruitment process. He has substantial experience of senior roles in both the financial services industry and the regulator. I know he will do an excellent job and is supported by a strong and dedicated team.”

Soper added: “I look forward to working with the pensions industry, government and my colleagues at The Pensions Regulator to ensure that pension schemes are well run, the interests of members and the Pension Protection Fund are protected, and that the roll out of automatic-enrolment continues to progress smoothly.”