Contracted-out pensions: enabling transfers to schemes that have never been contracted-out
A consultation on changes to enable transfers of pensioner members, with their consent, to schemes that have never been contracted out.
Detail
This consultation seeks views on draft regulations to introduce changes to enable transfers, in limited circumstances, of pensioner members, with their consent, to schemes that have never been contracted-out.
The consultation is mainly aimed at:
- pension administrators and employers who sponsor formerly contracted-out defined benefit occupational pension schemes
- those intending to establish new defined benefit schemes
We also welcome comments from:
- the pension industry
- pension schemes trustees and members
- member representative organisations
- any other interested organisations
Documents
The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017: consultationapplication/pdfGovernment response: The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017application/pdfImpact assessment: Enabling the transfer of contracted-out pensions in payment to new pension schemes that have never had contracted-out provisionsapplication/pdfStatutory Instrument (copy): The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017application/pdfExplanatory Memorandum (copy): The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017application/pdf