Pension Trustee Code of Conduct

 

View the Draft Pension Trustee Code of Conduct (PDF) View comments received

We're currently revising the draft Code of Conduct for Members of a Pension Scheme Governing Body to reflect suggestions we received during the open call for comments for our proposed code. The final code will be available in early 2008.

 

What Does the Pension Trustee Code Cover?

The Pension Trustee Code includes 12 fundamental ethical responsibilities that are universally applicable to members of a pension’s governing board regardless of the type of pension scheme or where the scheme is formed or managed.

 

In many cases, members of a pension scheme governing board do not have extensive experience in the investment industry or familiarity with the fundamental ethical concepts related to asset management. The Pension Trustee Code provides guidance on professional conduct for them.

 

Global Participants

Groups from around the world participated in the working group that developed the proposed code, including the Council of Institutional Investors (United States), the National Association of Pension Funds (United Kingdom), the Dutch Association of Industry-wide Pension Funds, the Swiss Association of Pension Funds, and the Hong Kong Retirement Schemes Association, with the support of the Organization for Economic Cooperation and Development.