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Consultation on bulk transfer of contracted-out pension rights without member consent

Consultation on bulk transfer of contracted-out pension rights without member consent
Published on: 21 December 2017
Published by: LexisPSL
  • Consultation on bulk transfer of contracted-out pension rights without member consent
  • Original news
  • What is the background to this consultation?
  • What are the changes proposed by the DWP?
  • What is the timing of the proposed changes?
  • What is the significance of these proposals?

Article summary

Pensions analysis: On 21 December 2017, the DWP launched a consultation on the bulk transfer of contracted-out pension rights without member consent. Appended to the consultation paper are draft regulations, the Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2018, which enable bulk transfers of contracted-out rights in certain circumstances without member consent, to schemes that have never been contracted out. The consultation closes on 17 January 2018. or take a trial to read the full analysis.

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