DC governance—development of the DC Code and the Pensions Regulator's expectations
DC governance—development of the DC Code and the Pensions Regulator's expectations

The following Pensions practice note provides comprehensive and up to date legal information covering:

  • DC governance—development of the DC Code and the Pensions Regulator's expectations
  • Development of the 2016 DC Code, DC Guides and DC Compliance and enforcement policy
  • Types of DC schemes—terms defined
  • Purpose of the 2016 DC Code, DC Guides and DC Compliance and enforcement policy
  • Purpose of the 2016 DC Code
  • Purpose of the DC Guides
  • Purpose of the DC Compliance and enforcement policy
  • How does the 2016 DC Code differ from the Previous DC Code?
  • Status of codes of practice
  • Change of approach in the 2016 DC Code
  • More...

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: Brexit and IP completion day—the implications for pensions.

FORTHCOMING DEVELOPMENT: The Pensions Regulator (TPR) announced that it intends to review its codes of practice over the next year to reflect the Occupational Pension Schemes (Governance) (Amendment) Regulations 2018, SI 2018/1103 (the Governance Regulations) and that this is expected to involve combining the content of its 15 current codes of practice to form a single, shorter code. In doing so, TPR’s intention is to make its codes of practice quicker to find, use and update, so that trustees and managers of all types of scheme can be more responsive to changes in regulation. The Governance Regulations implement the new governance requirements of the IORP II Directive into UK law, which includes placing a new duty on the trustees or managers of occupational pension schemes under the Pensions Act 2004, s 249A (subject to limited exceptions) to establish an effective system of

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