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  • New Code Of Practice To Implement Huge Boost For Responsible Investment – Blue & Green Tomorrow

    28 July 2016

    The Pensions Regulator has introduced a new code of practice and ‘how to’ guides for trustees of defined-contribution schemes.

    “Significant progress has been made in boosting responsible investment in the UK with the publication of a new code of practice for trust-based defined-contribution (DC) pension schemes and six ‘how to’ guides to give comprehensive guidance to trustees. The investment governance guide is clear that the schemes’ investment governance arrangements need to be consistent with its legal powers and responsibilities as outlined by the Law Commission’s 2014 report into fiduciary duties. This comes after the Government rejected changing the regulations as was recommended by the Law Commission despite overwhelming industry support…

    Simon Howard, Chief Executive of UKSIF, said: “We welcome The Pensions Regulator’s new code of practice for defined-contribution schemes and specifically the publication of accompanying ‘how to’ guides. The guide on investment governance is particularly welcome and we were pleased to see our opinions have clearly been taken on board by the regulator and at times directly reflected in the wording of the guidance.”

    Read in full here.

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