On the 6th of October, the Pensions Authority published a synopsis of the main points made in submissions it received in response to its consultation paper on draft codes of governance for defined contribution schemes.
The synopsis is available here.
The Authority received a total of thirteen written submissions in response to the consultation, two of which came from individuals and eleven from organisations/professional advisers. The consultation paper posed four main questions and an invitation to offer other relevant comments. The synopsis document reflects the main points made and a range of suggestions offered on how the draft codes could be improved.
The Society’s response to this consultation is available on the Society’s website here.
The next stage of this process will involve the Authority considering all of the points made with a view to making appropriate revisions to the codes.