By Venilia Amorim2021-05-28T15:17:00+01:00
Several pension fund industry experts have called for clarity on The Pensions Regulator’s new code of practice.
The request came as TPR’s consultation on the draft content for a new code of practice that will eventually replace 10 of its existing codes came to an end on 26 May.
“From a practical standpoint, we ask that TPR make it clear where they have made changes to requirements – or added new ones. This will help achieve higher levels of compliance and reduce the administrative burden on schemes, something of particular value to smaller schemes,” said Nigel Peaple, director of policy and advocacy at Pensions and Lifetime Savings Association (PLSA).