Industry warns draft DC code is one-size-fits-all and lacks clarity on trustees' duties

clock • 2 min read

The draft defined contribution (DC) code is not suitable for all types of schemes and lacks clarity on trustees' responsibilities, according to responses to the regulator's consultation.

Responses to The Pension Regulator's (TPR) consultation which ran from 24 November until 29 January generally praised the code's overall format, which is shorter and more concise than its 2013 pred...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

DWA unveils master trust performance comparisons

DWA unveils master trust performance comparisons

Pete Osthwaite asks just how much master trust value is added because of high equity allocations?

Pete Osthwaite
clock 30 January 2025 • 3 min read
How we won the PP Investment Awards 2024... Arcmont Asset Management

How we won the PP Investment Awards 2024... Arcmont Asset Management

Arcmont won the accolade for DC Investment Innovation of the Year

Professional Pensions
clock 22 January 2025 • 3 min read
L&G Master Trust hits £30bn in assets under management

L&G Master Trust hits £30bn in assets under management

Scheme says it is the first commercial master trust in the UK to reach the milestone

Jasmine Urquhart
clock 21 January 2025 • 1 min read
Trustpilot