1. Introduction
The Pensions Regulator's
General Code of Practice(the Code) took effect
on 28 March 2024.
This briefing covers the section of the Code relating
toReporting to the Regulator, which includes
detail on:
- Registrable information and scheme returns, and updating this
information.
- Whistleblowing – reporting breaches of the law.
- Reporting payment failures.
This section of the Code is almost entirely derived from former
Code of Practice 1: Reporting breaches of the law and former Codes
of Practice 5 and 6 on reporting late payments of
contributions.
These topics do not form part of a scheme's effective system
of governance and do not need to be reviewed under an own risk
assessment. However, they set out the Regulator's expectations
for compliance with various legal requirements and merit
appropriate consideration by trustees reviewing their governance
and risk processes.
