The Pensions Regulator (TPR) has launched a consultation on the revised codes of practice on reporting late payment of contributions to defined contribution (DC) pension schemes.
The consultation relates to its codes of practice for maintaining contributions, which aim to improve transparency and ensure that everyone involved in the flow of contributions has a clear understanding of their accountabilities.
It explains existing duties and shows TPR’s intention to build on existing good practice to ensure the accurate and timely flow of contributions into schemes. It is also consulting on guidance to support the new codes.
The consultation opened on 27 September and closes on 6 December.