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Funding and investment

Investment governance and strategy requirements, environmental and social duties, and funding of defined benefit pension schemes.


Early draft of the code of practice

This code is not in force yet. It is an early version for the new code of practice consultation.

To give us feedback on issues such as the design, usability and navigation of this code, email us at

You can also read more information about the consultation.


How governing bodies should handle investment matters including decision-making, monitoring performance, statements of investment principles and climate change.

Funding of DB schemes

This section has not yet been developed. It will be based on the information in our codes that deal with funding of defined benefit (DB) schemes.