Going for gold-standard governance: what is on the agenda for DC trustees?
The Pensions Regulator’s new Code of Practice no. 13, ‘Governance and administration of occupational defined-contribution trust-based pension schemes’, has come into force.
The code applies to trustees of all occupational defined-contribution (DC) trust-based pension schemes with two or more members. It covers schemes that provide only DC benefits, and also the DC element of hybrid schemes and DC additional voluntary contributions (AVCs) under a defined-benefit (DB) scheme.
Finalised guidance to accompany the code has also been published…
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