The Pensions Regulator

Code of practice 09
Internal controls

As part of our ongoing commitment to improve the way pension schemes are governed we're reviewing Internal controls - Code of practice 09 and supporting guidance material.

As a user of this code please could you select your profession from the following list:

Employer
Lay trustee
Professional trustee
Pension scheme lawyer
Pension scheme auditor
Pension scheme actuary
Employee benefit consultant
Pension scheme manager (external)
Third party administrator
In-house pension scheme administrator
In-house pension scheme manager
Other

In this section...

Introduction

• The status of codes of practice

• Other regulatory requirements

• Terminology

• To whom does this code apply?

• Exemptions

At a glance

The code of practice

• What are internal controls and why have them?

• A proportionate approach

• The assessment of risk

• The exercise of judgement

• Limitations

• Governance

• Reporting

• The Pensions Regulator's powers

• Annex A: Corresponding Northern Ireland legislation