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TPR’s new single code of practice (the “Code”) is expected to be published in autumn 2022. Although we are still waiting to see what the final Code looks like, there are steps trustees can take now to prepare. In this Hot Topic:...
The Pensions Regulator (TPR) consulted earlier this year on its proposed new single code of practice (the Code). The Code is to combine 10 of TPR’s existing 15 codes of practice into an updated and online format, and with content that...
Introduction First announced in 2019 (see 7 Days), TPR published the consultation on its draft code of practice on 17 March 2021. Calling for industry views on its efforts to create “a clearer, more accessible single code of practice”,...
Background The DWP is consulting on changes to regulations and statutory guidance which are intended to improve DC pension scheme governance, promote the diversification of investment portfolios and signal the Government’s commitment to...
Introduction On 11 September 2020, the DWP published its response to the February 2019 consultation, “Investment Innovation and Future Consolidation” (“the 2019 Consultation”). The response includes a further consultation on...
Introduction Trustees of occupational pension schemes should be preparing for a second raft of changes to their statements of investment principles (“SIPs”) and the introduction of implementation statements. They must also ensure that...
Introduction On 10 February 2020, TPR published its response to its consultation on the future of trusteeship and governance. Most notably, TPR will not require pension scheme boards to engage a professional trustee. Instead, it will...
Introduction On 29 July 2019, the DWP issued a consultation on draft regulations (“the Consultation” and “the Regulations” respectively) imposing new obligations on trustees in relation to the fiduciary management and investment...
