The key elements of IORP II – for example, rules around scheme funding and supervision of schemes - are already required within UK law and the Pensions Regulator’s Codes of Practice. As such, appropriate communications about these measures are already in place.
The DWP has worked closely with the Pensions Regulator to develop communications about the new requirements introduced by IORP II. Information about this has been shared with industry stakeholders to communicate to individual pension schemes. The Pensions Regulator is currently considering the most appropriate format and content of communications about IORP II to release to other audiences.