Categories:Pensions,UK

Pensions update — July 2013

Nabarro has released the July 2013 issue of its Pensions Update, which includes information on the new defined-contribution (DC) code of practice, automatic enrolment and more.

The Pensions Regulator has laid its draft code of practice on the governance and administration of trust-based DC schemes before Parliament. It is due to come into force in November 2013.

The sections of the code on investment and contributions require trustees to have a high level of understanding of the security of assets and protections available (including those relating to platform providers where relevant). They include expectations on the monitoring of investment performance and on the continued appropriateness of any particular investment option (including any default fund) and an understanding of where investments may not be subject to compensation protection. Trustees should set performance review triggers but the code does not set down any specific requirements…

If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

Lacon House
84 Theobald's Road
London
WC1X 8RW
UK
http://www.nabarro.com

Turnover (£m): 116.70
No. of lawyers: 405