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Pensions Regulator announces changes to the DC scheme return for 2024
The Regulator has issued an online announcement about upcoming changes to its DC scheme return.
United Kingdom | Publication | January 2024
On January 10, 2024, the Pensions Regulator published its long-awaited General Code of Practice, which has been laid before Parliament. The new Code is expected to come into force on March 27, 2024. TPR also published its final response to the 2021 consultation, which identifies the principal changes made to the final version of the Code. The Code is the culmination of multiple years of work from the Regulator with the aim of creating one clear set of expectations on how occupational pension schemes should be governed and administered. See our previous detailed briefings on the main requirements of the new code (the majority of which have survived the final consultation) and look out for future communications on the finalised details.
UK Pensions Briefing: Turning up the heat on compliance: the Pensions Regulator's "super" Code
UK Pensions Briefing: Own risk assessments: the Pensions Regulator’s “super” Code part 2
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The Regulator has issued an online announcement about upcoming changes to its DC scheme return.
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On July 30, 2024, the Regulator published its market oversight report on how trustees are complying with their environmental, social and governance (ESG) duties, including in respect of climate change.
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We reported last month that the Court of Appeal had agreed with the High Court’s previous judgment that all rule amendments to contracted-out DB schemes between 1997 and 2013 require written actuarial certification. Three pensions professional bodies have now issued a joint statement on the effect of the ruling.
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