The Pensions Regulator consults on new code of practice
19 March 2021
The Pensions Regulator (TPR) has launched a consultation, which explores the possibility of collating ten of its current 15 codes of practice into one singular web-based document.
The consultation asks for industry views on this consolidation, and was published on 17 March 2021, with a closing date of 26 May 2021. In particular, TPR welcomes responses from:
- Trustees and managers of occupational and personal pension schemes
- Scheme managers
- Advisory boards
- Pension boards of public service pension schemes
- Member-nominated and lay trustees
The consultation also incorporates the amendments that were brought in by the Occupational Pension Schemes (Governance) (Amendment) Regulations 2018.
TPR’s Executive Director for Regulatory Policy, Analysis and Advice, David Fairs said:
“The new code of practice represents TPR’s ambition to create a single point of consistent and up-to-date information for all pension scheme governing bodies.
It will determine how governing bodies should approach governance and administration and provide consistent expectations across different types of scheme, set at a level we consider appropriate for any well-run scheme.”
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