Rosalind Connor comments on The Pensions Regulator’s updated DC code of practice
The Pensions Regulator has updated their defined contributions code of practice. With the update they have also released six guides to help comply with the legal obligations.
Rosalind believes the code offers clearer advice, even within its slightly altered name.
She said: “What makes a considerable difference is the name of the code has changed slightly. It’s changed from ‘money purchase trust-based schemes’ to ‘trust-based schemes providing money purchase benefits’. It may not seem like a big thing, but they are making it clear they’re not just talking about a standard DC scheme, but also DB schemes with DC elements.”
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