The 149 pages of the single Code of Practice consolidates and updates 10 of the 15 existing and separate Codes of Practice. It is detailed – and it requires Trustees to review the effective governance system of their scheme.
You’re a Trustee – you know that a requirement of the Code is the need to carry out your Own Risk Assessment (sometimes referred to as the ORA). It needs to be done. But where do you start?
This is where Compliance Capture, our governance tool for Trustees comes in.
It’s a new way of capturing everything required by the Code, acting as both an information gathering and assessment tool. It collates your responses and generates a report summarising your current position and setting out recommended actions. But that’s not all. Deloitte Legal’s team of specialists provide a human touch, analysing the report’s findings and offering practical and professional advice on actions which need to be taken to ensure compliance, and market insights based on their wealth of experience.
We’ll also provide a good basis for you to get started with your Own Risk Assessment, allowing you to comply with your obligations in the single Code of Practice.