The Pensions Regulator (TPR) has implemented a new governance framework for pension schemes called the general code of practice (the code). This sets out TPR’s expectations for how governing bodies will implement an ‘effective system of governance’ (ESOG) and analyse its success.
The code is a consolidation of existing codes, new modules and updates, with requirements proportionate to the size, nature and complexity of your pension scheme. Our team of experts can help to identify your scheme’s risks and make sure your controls and procedures meet the standards needed.
Meet our general code specialists
Simon Lewis
Phil Williams
Nikhil Patel
Simon Riviere
Gillian Graham
Kat Gruenewald
Emilie Bisset
Tracey Brown
Victoria Mance
We know general code solutions need to be pragmatic and proportional to your scheme. Our pension governance specialists have developed a user-friendly suite of tools and templates, providing a cost effective solution that can be scaled up or down dependent on your needs.
We offer:
- General code training – for your trustee board or scheme manager, focusing on what trustees need to do and how this can be achieved.
- Gap analysis – working with your pension manager, scheme secretary or trustees, we’ll carry out a compliance review against your existing policies and procedures and draw up an action plan to fill the gaps and ensure you comply.
- Tools and monitoring – to make sure your risk controls, policies and processes are fit for purpose and you can provide a statement of compliance with confidence.
- Guidance for maintaining compliance for the long term – including ESOG reviews, the regular own risk assessment (ORA) if your pension scheme has more than 100 members, risk management requirements and/or delivering an internal audit.
- Self-service options – for your in house team to tailor to suit their own needs.
We offer independent specialist insight from accessible governance experts. It’s that independence that makes us so valuable when pension trustees are being asked to assess what they and their advisers and providers are doing. Find out more in our service flyer.
General code series
The general code will be introduced from 27 March 2024. However, our preparation for it started back in 2022. Our general code series helps you understand what the general code is and what you can be doing right now to meet its requirements.
View our latest insights
Exclusive insights from our experts on the general code.
Get in touch to see how Vidett’s general code team can help make compliance as streamlined as possible.
