The Code applies from 16 March 2015 and applies to all transfer requests processed on or after that date.
The Code will be reviewed and updated on a regular basis to ensure it reflects current risks and good practice. The current version can be downloaded below.
In May 2016, the PLIG presented an Options for Change paper to government to help further protect individuals from scams. In 2017, we will update the Code to reflect market changes and to encourage stronger protection for members . A copy of the options paper can be downloaded below.
- The Code is voluntary and set an industry standard for dealing with requests by members for transfers from a UK registered pension scheme to another registered pensions scheme or Recognised Overseas Pension Scheme (ROPS).
- The Code is not a statutory code.
- The Code does not replace or over-ride existing requirements or guidance issued by regulatory bodies on transfers and pension scams