Together with the Pensions Regulator and the Department for Work and Pensions, we have set out an approach to regulating schemes entering the assessment period. The objective of this approach is to ensure that:

• synergies between each organisation are shared to obtain the optimal results from regulatory powers,
• there is a consistent approach between our organisations, and
  greater clarity and certainty is provided to trustees and their advisors about our expectations.

More details about our approach and the powers we can exercise are detailed in the joint statement 'The regulation of schemes in wind-up and in a Pension Protection Fund assessment period'.