Applying the code
Author of article in Professional Pensions on good governance for pension schemes and reducing risk through the development of good practices. Excerpt follows:
The prevention of disasters is a worthwhile exercise. Viewed as a bedrock compliance regime, the codes should help to reduce the number of schemes forced into the Pension
Protection Fund. Trustees should, however, see them as very blunt tools when it comes to proactive risk management and seek assistance from a
professional guide. Indeed, the codes themselves increase the need for trustees to consider their personal exposure to risk.