UK. CDC code of practice laid before parliament as TPR clarifies comms role of trustees
The Pensions Regulator (TPR) may act against trustees if they fail to identify “unclear or misleading” communications in relation to collective defined contribution (CDC) pension schemes. TPR’s code of practice for CDC schemes was laid before parliament this week (29 April), ahead of coming into force around October this year. The regulator also published its response to the CDC code consultation, which closed earlier this year, and stated that it would hold trustees accountable for poor communications. This was an area...
