In our August 2009 update we reported on TPR’s revised code of practice on TKU which had then been laid before Parliament. The new code came into effect on 26 November 2009. The code sets minimum requirements for trustees to help ensure pension schemes are run effectively.
Following consultation, TPR found widespread support for the TKU regime, demonstrating how it has become embedded in trustee activities since its original implementation in 2006. Most trustees acknowledged that the code had had a positive influence on their approach to their role.
View the revised TKU code.