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ARTICLE · 31 AUGUST 2023

UK Pensions Headlines: August 2023

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This month's round up reports on the Pension Regulator's updates to its DC Code of Practice and guidance on illiquid investments.

United KingdomEmployment and HR
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WTW

This month's round up reports on the Pension Regulator's updates to its DC Code of Practice and guidance on illiquid investments.

Contents

Pensions Regulator updates DC Code and guidance on illiquid investments

Mark Dowsey, Janine Bennett | August 30, 2023

TPR has updated its DC Code of Practice No. 13 and accompanying guidance to help schemes comply with the new disclosure requirements on illiquid investments.

Under amending regulations and statutory guidance published earlier in 2023, trustees must state, in the Statement of Investment Principles (SIP) for their scheme's default arrangements, their policy on investing in illiquid assets from the earlier of:

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