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ARTICLE · 15 APRIL 2024

TPR's General Code Of Practice: Investment

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The Pensions Regulator's General Code of Practice (the Code) took effect on 28 March 2024 and sets out its expectations for good governance in occupational, personal and public service pension schemes.

United KingdomEmployment and HR
Travers Smith LLP
Travers Smith LLP
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  1. Introduction
  2. Funding and Investment modules: overview
  3. What's new and what's not included?
  4. Next steps
  5. Complying with the Code

Introduction

The Pensions Regulator's General Code of Practice (theCode) took effect on 28 March 2024 and sets out its expectations for good governance in occupational, personal and public service pension schemes. This includes expectations around funding and investment matters.

This article provides an overview of:

  • What the funding and investment modules of the Code cover
  • What's changed from the Regulator's previous guidance and what's still to come
  • Five next steps that trustees could take to develop their effective system of governance (ESOG) on investment matters:

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