The Pensions Regulator (TPR) has revealed that the consolidated single code of practice will be called the General Code, and is now expected to be published this spring.

Speaking to Pensions Age, the regulator confirmed that the “single code, which will be called the General Code, is expected to be published this spring”.

The single code of practice was initially due to be laid in parliament in autumn 2022, although it faced delays amid the political upheaval and the Covid-19 pandemic, with TPR confirming in November 2022 that the code was in its “final stages” and essentially ready to be laid, and would be laid in parliament “towards the end of this year [2022] or the beginning of January”.

Industry experts have suggested that the General Code will be a key piece of work for 2023, with the need to operate an effective system of governance (ESOG) meeting TPR’s criteria expected to be the biggest change for many schemes.

Read more about TPR’s plans for the General Code, and broader work for the year ahead, on page 32 of the latest Pensions Age magazine.

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