The Pensions Regulator’s General Code of Practice: Spotlight on good governance
Pensions & benefits DB pensions Governance Policy & regulationWe cast the spotlight on the new governance requirements being introduced by the Pensions Regulator’s General Code of Practice and how trustees can prepare themselves for these changes.
The Pensions Regulator’s new General Code of Practice, which will come into effect at the end of March 2024, will introduce new governance responsibilities for trustees of both DB and DC pension schemes. We welcome the overall aim of the Code and encourage trustees to embrace the new requirements proportionately and in a way that enhances how they operate.
We cast the spotlight on the new governance requirements being introduced by the Code and how trustees can prepare themselves for these changes. We strongly encourage Trustees to familiarise themselves with the Code and start reviewing their governance frameworks against the requirements.
What’s inside?
- The key actions trustees should be taking to prepare for the Code
- An overview of the effective system of governance (“ESOG”) and Own risk assessment (“ORA”) requirements
- The new Functions introduced in the Code
- How LCP can help you meet these new requirements