New standards outlined in revised DC code of practice

10 October 2016

10 October 2016

The Pensions Regulator has published a revised code of practice and a set of new guides to help trustee boards and managers of all DC schemes comply with the law and run high quality schemes.

While the code sets out the standards TPR expect schemes to meet, the guides provide information on how those standards might be met in practice.

The code and guides have been through an extensive stakeholder engagement process and when users work through the code online they can now link directly from it to the relevant guide.

The code applies to schemes of all sizes providing money purchase benefits and TPR expect trustee boards to be able to demonstrate that their scheme complies with the standards.

Geographical extent – TPR has provided text which combines the Great Britain and Northern Ireland versions of the code for ease of use. There is no material difference between the two versions.