On 14 June 2016 the Pensions Authority published the third
tranche of its codes of governance for defined contribution
schemes. The codes of governance supplement the
Authority's Trustee Handbook and are intended to provide the
trustees of defined contribution schemes with guidance on the
minimum standards expected across a number of key areas of good
practice. While these codes are not a statement of law, the
Authority has indicated that it will use these codes to assess how
the trustees of defined contribution schemes discharge their duties
and obligations.
Although the codes of governance are specifically directed at
trustees of defined contribution schemes, they do set out some
general principles which may also be relevant to trustees of
defined benefit schemes. The nine guidance notes that have
been published thus far are on the following topics:
