Pensions Regulator: Codes of Practice
The question
To ask the Secretary of State for Work and Pensions, what discussions she has had with The Pensions Regulator on strengthening its Code of Practice to require large companies running trust-based pension schemes to establish and maintain an internal audit capability.
Answered by Torsten Bell
DWP officials work closely with the Pension Regulator on all its Codes of Practice to ensure they remain fit for purpose in a changing pensions landscape. In addition, both the Pensions Regulator and my officials have met with the Chartered Institute of Internal Auditors to listen to their considerations about pensions schemes and internal audit.
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