Last week’s interim consultation response from the Pensions Regulator addressed a common concern about the “Funding and Investment” section of the draft single Code of Practice: it confirmed that it would drop its proposal for a 20% cap on unregulated investments.
This is a point that we are aware had been troubling some larger pension schemes in particular. Their trustees and investment managers will be breathing a sigh of relief.
But there’s another point buried in the same section of the Code that could be equally worrying for smaller schemes. This is the Regulator’s suggestion that schemes that are not … Continue Reading