The Pensions Regulator’s General Code of Practice

March 2024
Region: Europe

The Pensions Regulator’s (TPR) general code of practice came into force on 28 March 2024. The code contains new governance requirements and sets out TPR’s expectations of how occupational pension schemes should be managed and the policies, practices and procedures that should be in place. All schemes should undertake a gap analysis to assess what actions need to be taken to ensure compliance with the single code. Our library of resources should help with your scheme’s planning, to ensure a proportionate approach.

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  • Patricia Bailey’s blog explores proportionality for schemes in the “end game”. What steps should trustees take towards compliance with the effective system of governance and own risk assessment?
  • Anna Tomlinson’s blog considers how to assess whether a scheme has 100 members (and is therefore subject to requirements such as the Own Risk Assessment).
  • Matthew Giles’ blog explores how the concept of “proportionality” has evolved in relation to general code of practice compliance.
  • Our Pensions team baked a cake to celebrate the general code of practice coming into force – our video is full of tips on how to manage your compliance journey.
  • The General Code Is Finally Here – Ready, Set, Bake. Our one-page guide contains our top 10 compliance tips.
  • Listen to our 2022 webinar recording, “What Should I Be Doing Now on the Single Code of Practice?
  • Listen to our 2021 webinar recording, “Proportionality and The Pensions Regulator’s Draft Single Code of Practice”.
  • Kirsty McLean’s blog of 16 January 2024, Beyond the Frenzy, offers reflections on the general code
  • Kate Bailey’s short video, The General Code of Practice has Arrived, comments on key trustee considerations
  • Kate Bailey’s video of May 2022 considers the different approaches that trustees could adopt.
  • Lynn Housecroft’s blog of April 2022 asks “How much is enough?”

The general code of practice is just one of the topics we are covering in our #AttentionPensions campaign, aimed at helping pension trustees demystify the myriad pensions issues and obligations in a series of easily accessible short videos, quick guides and updates. Find out more.

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