Fiduciary management and the General Code of Practice
The Pensions Regulator (TPR) laid its General Code of Practice before parliament in January 2024, amalgamating several existing codes of practice into a single code. The focus is rightly on strengthening the governance of pensions funds. For many aspects of investment governance, actions are likely to focus on documenting policies and practices which trustee boards are already working to. It is for pension schemes using fiduciary management (FM) where we see the code leading to…
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