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Pensions Regulator's Single Code of Practice natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers ....
UK TPR Tightens Pensions Governance Net in New Code of Practice natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
October 2018 Source: The Pensions Regulator The regulator is seeking responses from trustees, managers of occupational and personal pension schemes and scheme managers, advisory boards and pension boards of public service pension schemes. It said it is also “particularly interested to hear from non-professionals, such as member-nominated and lay trustees, and whether they find the new code easier to use and understand.” “The new code signals some significant changes in approach, which in turn will mean significant changes in pension scheme practice – although more for DB than DC schemes,” said Susan Hoare, partner at consultancy Aon. “Having a code of practice all in one place is very helpful from a user’s perspective. Ten of the existing codes of practice have been amalgamated into this single modular code (Supercode) which is presented as 51 concise modules. This has allowed TPR to remove a lot of duplication; for example, if you currently searc ....