The new authorisation system is set out in the Pensions Bill 2017. This is making its way through Parliament before it becomes an Act. You can track the Bill’s progress and see the latest version on the Parliament website.
Once the Act receives Royal Assent, the Department for Work and Pensions will consult on further details of the new system.
What you need to do now
Once the new duties have been agreed we will provide guidance on what you need to do and when. You can check back here for key information as it develops.
In the meantime, you should continue to comply with the standards set out in the DC code.
We also expect you to obtain master trust assurance to help you show that you have governance and administration standards that meet the DC code.