New era for workplace pension governance as TPR overhauls practices

The regulator’s long-awaited general code of practice has been published

Hope Coumbe
clock • 1 min read

Ten of The Pensions Regulator’s (TPR) codes of practice have this week been consolidated into a single code in a long-anticipated move that is set to radically overhaul the governance of workplace pension schemes.

TPR yesterday (10 January) confirmed it had published its new single code, which also introduced several new requirements. "Our new general code is an opportunity for governing bodies to make sure their schemes meet the standards of governance we expect and savers deserve," said interim director of regulatory policy, analysis and advice Louise Davey said. "It means there is no excuse for failing to know what TPR expects." Davey said there were "many" governing bodies who risked falling short of the regulator's expectations and had not suitably plugged holes in their governance structu...

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