Pensions Update

In recent months the Pensions Authority published the second, third and fourth sets of the codes of governance for defined contribution pension schemes. It also issued its consultation document on the "Reform and simplification of supplementary funded private pensions" over the summer.

While the codes of governance for defined contribution pension schemes are not binding statements of law, they are designed to supplement the Authority's Trustee Handbook and to help trustees meet the standards of practice which the Authority believes forms the basis of good governance. The first set of codes was published in January of 2016 and the full set of codes to date is as follows:

• Governance plan of action;