Mixed reactions to new U.K. pensions code of practice
By 
Ruth Prickett2024-01-22T13:00:00
Lawyers and accountants in the United Kingdom have welcomed the publication of The Pensions Regulator’s (TPR) new pensions code of practice but warned it might not improve the management of those that are not already well run.
The new code was laid before U.K. Parliament on Jan. 10 and is likely to come into force at the end of March. It sets out what the regulator expects from a well-operated pension scheme and guidance for trustees and managers over what constitutes good scheme governance.
Pensions managers and trustees should be aware the new code will replace existing TPR guidance and should familiarize themselves with it to ensure they continue to comply with their legal obligations.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
PremiumU.K. pension scheme reforms promise funds consolidation for trustees
The U.K. government has signaled new rules for pension trustees and funds consolidation to boost investment, but questions remain on employee financial literacy.
-
PremiumU.K. push for more listings to lower bar on governance?
Moves by the U.K.’s financial regulatory body to encourage companies to list in London might fail to deliver or send mixed messages about the value placed on corporate governance, according to experts.
-
PremiumDisclosure rules not enough to curb U.K. salary gaps
The issue of “fat cat” pay awards was reignited in the United Kingdom after a think tank found a typical FTSE 100 CEO earned the average annual salary for a full-time worker after just four days into the new year.
More from Regulatory Policy
-
News BriefCFPB, DOJ withdraw guidance to lenders considering borrowers’ immigration status
Two months after the U.S. Consumer Financial Protection Bureau proposed a rule change to narrow anti-discrimination requirements for lenders, it has reversed previous guidance on noncitizen customers looking to borrow.
-
ArticleEU extends carbon border tax to 180 downstream products and targets ‘loopholes’
The EU is extending its ground-breaking carbon border adjustment mechanism, which imposes carbon pricing on raw materials imported from outside the EU, to 180 downstream products made from those materials.
-
ArticleEU vows to reform financial single market rules to unlock growth and boost investment
Financial markets thrive on consistent rules across the widest markets. This is the thinking behind the European Commission’s package of measures intended to simplify and streamline the zone’s single market for financial services.