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Finalisation of rules on transfers to schemes that have never been contracted-out

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Published on: 27 April 2017

Published by a LexisNexis Pensions expert

Table of contents

Original news
What are the changes made by the Contracting-Out Transfer and Transfer Payment) (Amendment) Regulations 2017, SI 2017/600?
What is the purpose of these amending regulations?
Were there any concerns raised during the consultation process?
When will the changes be implemented?
What is the impact of these changes?

Article summary

Pensions analysis: Following a brief two-week consultation in April 2017, the DWP finalised, on 26 April 2017, the statutory instrument enabling the transfer of contracted-out rights in payment, with member consent, from schemes with employers in financial distress to schemes that have never been contracted-out. The consultation response was published on the same day. The Lexis®PSL Pensions team take a closer look.

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