Schemes anxious over new TPR single code of practice

Quarter of schemes yet to undergo training on new code’s requirements

Martin Richmond
clock • 2 min read
Schemes anxious over new TPR single code of practice

Two thirds of pension schemes are concerned that The Pension Regulator’s (TPR) new single code of practice will result in significant changes to governance processes, according to a new report.

WTW's latest Trustee DB Governance Survey, published today (24 May), revealed that out of 200 trustees and pension managers of defined benefit (DB) schemes, 65% fear that the new code of practice w...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Defined Benefit

DB funding — May 2022: Ratios now at record high

DB funding — May 2022: Ratios now at record high

The funding position of the UK’s DB pension schemes improve sharply across all measures

Professional Pensions
clock 01 July 2022 • 6 min read
Industry Voice: Communicating openly

Industry Voice: Communicating openly

Sponsors and trustees of open Defined Benefit (DB) schemes face distinct challenges to communicate effectively with their members. Barnett Waddingham's Simon Taylor and Damian Stancombe discuss how best to engage and inform them.

Simon Taylor and Damian Stancombe @ Barnett Waddingham
clock 30 June 2022 • 4 min read
Tender Watch: Nest selects six legal suppliers

Tender Watch: Nest selects six legal suppliers

The master trust plans to establish a framework for the provision of legal services

Professional Pensions
clock 29 June 2022 • 1 min read
Trustpilot