Pension freedoms

Pension freedoms guidance:

CORONAVIRUS (COVID-19) UPDATE: Until 30 June 2020, the Pensions Regulator (TPR) allowed trustees of DB schemes to suspend cash equivalent transfer value (CETV) quotations...

Practice Note

What is an insistent client? The term ‘insistent client’ is commonly used to describe an individual who has received advice (ie a personal recommendation) and chooses to...

Practice Note

This Practice Note focuses on the meanings of 'flexible benefit', 'safeguarded benefit' and ‘safeguarded-flexible benefit’ for the purpose of the pension freedoms...

Practice Note

Before 6 April 2015, defined contribution (DC) pension pots could, generally speaking, only be used to buy a lifetime annuity, converted into a scheme pension, used for...

Practice Note

On 6 April 2015, pension freedoms were introduced enabling individuals entitled to flexible benefits (effectively, money purchase benefits or cash balance benefits) to...

Practice Note

FORTHCOMING DEVELOPMENT: In July 2019 the Pensions Administration Standards Association (PASA) DB Transfers Working Group released ‘Defined Benefit Transfers: A Guide to...

Practice Note

Since the introduction of the pension flexibilities on 6 April 2015, changes have been made to legislation and the rules of the Financial Conduct Authority (FCA) Handbook...

Practice Note

CORONAVIRUS (COVID-19) UPDATE: On 29 April 2020, TPR issued guidance requiring DB trustees to issue a letter template to all members requesting a CETV quote for the...

Practice Note

CORONAVIRUS (COVID-19) UPDATE: To enable providers to give effective retirement risk warnings, the FCA has produced a table suggesting questions providers should ask...

Practice Note

With effect from 6 April 2015 (when the pension freedoms were introduced), provisions were inserted in legislation and the rules of the Financial Conduct Authority (FCA)...

Practice Note

FORTHCOMING DEVELOPMENT: On 7 April 2020, the Financial Conduct Authority (FCA) published consultation paper CP20/6, FCA regulated fees and levies: Rates proposals...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO FLEXIBLE BENEFITS ARCHIVED: This archived Practice Note provides information on the pensions guidance that was provided by...

Practice Note

ARCHIVED: This archived Practice Note provides information on the standards applicable in respect of the Pension Wise guidance service before 1 January 2019, including...

Practice Note

CORONAVIRUS (COVID-19) UPDATE: Until 30 June 2020, the Pensions Regulator (TPR) allowed trustees of DB schemes to suspend cash equivalent transfer value (CETV) quotations...

Practice Note
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