ARTICLE · 09 DECEMBER 2021

Pensions Update: Winter 2021

Arthur Cox

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The Pensions Authority (the "Authority") published the final version of the Code of Practice for Trustees of Occupational Pension Schemes and Trust Retirement Annuity Contracts (Trust RACs) (the "Code") on 18 November 2021.

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Michael Shovlin

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Final Code of Practice for Trustees of Occupational Pension Schemes and Trust Retirement Annuity Contracts

The Pensions Authority (the "Authority") published the final version of the Code of Practice for Trustees of Occupational Pension Schemes and Trust Retirement Annuity Contracts (Trust RACs) (the "Code") on 18 November 2021. The publication of the Code follows public consultation run by the Authority in

respect of the initial draft Code published during the summer. The Code sets out the Authority's minimum expectations

for schemes in the areas covered within the Code. Broadly speaking the Code is not dissimilar to the draft published by the Authority in July 2021 but there are a number of differences, some of which are set out below:

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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