The Pensions Regulator

Internal controls

To be read in conjunction with the Pensions Regulator's Code of practice 09: Internal controls.

Complying with the obligation to establish and operate internal controls which are adequate for the purpose of securing that the scheme is administered and managed in accordance with:

• the scheme rules; and
• the requirements of the law.

This guidance is designed to complement the code of practice on internal controls and should be read in conjunction with the code.

It expands upon the concept discussed in the code that the establishment of adequate internal controls depends upon a robust risk-management approach and provides an example of how a risk-management process might work in practice.

The guidance will be of interest to trustees and managers of all occupational pension schemes, especially to trustees of smaller schemes and to fully insured schemes.

 Download the internal controls guidance (PDF)

Download the example risk register (56kb)