A recording of the webinar is available online.
Many of those involved in the running of workplace pension schemes may not have given The Pensions Regulator’s (TPR’s) draft single Code of Practice their full attention, perhaps because they assumed that it would mirror TPR’s current expectations, or because their time is occupied with juggling other urgent matters. However, those who have taken a closer look will have noted the extent of the new governance requirements. This is far from just a consolidation of existing TPR standards! Pension scheme trustees should take note now, start planning for a significant new workstream and make sure that no current activity cuts across the forthcoming requirements.
The good news is that the draft Code leaves room for trustees to take a reasonable and proportionate approach to ensuring compliance. In this webinar, we will walk you through the key elements of the draft Code and examine how proportionality might be applied in a range of scheme scenarios, while providing both the legal and professional trustee perspectives.