United Kingdom

The Single Code of Practice – what does it mean for trustees?

The consultation on the Code closed in May with the expectation for it to come into force towards the end of 2021. What does it mean for trustees of pension schemes – our short paper sets out what it may mean for their schemes.

This short paper, published in on 26 May 2021, sets out eight actions which can be taken now.

It shows a mixed pattern across the industry, with some schemes having strong governance across all areas and some only just starting their cyber journey. The difference between the two is in some ways stark, but in other ways modest, with schemes able to take their cyber controls from novice to proficient in relatively short order.

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Improving Governance

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