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ARTICLE · 30 APRIL 2024

What's Happening In Pensions - Issue 108

Travers Smith LLP
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The Pensions Regulator's general code of practice came into force on 28 March 2024. It replaces ten of the Regulator's 16 codes of practice.

United KingdomEmployment and HR
Susie Daykin
Susie Daykin
Daniel Gerring
Daniel Gerring
Niamh Hamlyn
Niamh Hamlyn
David James
David James
Andy Lewis
Andy Lewis
Dan Naylor
Dan Naylor
Nick White
Nick White
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Listen to the introduction to What's Happening in Pensions - Issue 108.

TPR GENERAL CODE OF PRACTICE

A Government Order brought the Pensions Regulator's General Code of Practice into force on 28 March 2024, which was a day later than originally planned. The General Code replaces ten of the Regulator's 16 codes of practice. Those ten codes were revoked from 28 March 2024.

The principal new content relates to the requirements for schemes to have an effective system of governance and (for schemes with 100 members or more) to conduct an own risk assessment.

The promised web-based version is available on the Pensions Regulator's website. This also includes content from codes of practice that were excluded from the General Code consolidation exercise. The Regulator's online guidance is undergoing revision in various areas.

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