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ARTICLE · 18 JANUARY 2024

The Pensions Regulator's General Code Is Here: Are You Ready?

Osborne Clarke LLP
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The Pensions Regulator (TPR) has announced that its long-awaited general code of practice was laid in Parliament on 10 January 2024...

United KingdomEmployment and HR
Jennifer Alldridge
Jennifer Alldridge
Claire Rankin
Claire Rankin
Jonathan Hazlett
Jonathan Hazlett
Carl Betts
Carl Betts
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Tricia Angulatta
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The Pensions Regulator (TPR) has announced that its long-awaited general code of practice was laid in Parliament on 10 January 2024 and is expected to come into force on 27 March 2024.

TPR also published the final response to its 2021 consultation on the new code, together with a copy of the code as laid in Parliament.

What is the general code?

The new code brings together and updates ten of TPR's existing codes of practice. More importantly, it sets out what trustees need to do in order to comply with the new legal requirement to establish and operate an effective system of governance (ESOG), including internal controls, proportionate to the size, nature, scale and complexity of the activities of their scheme.

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