Sixty Second Summary
01 Mar 2018 - Estimated reading time: 4 mins
The Department for Work and Pensions (DWP) announced the outcome of four pensions consultation exercises on 26 February 2018. They herald important, and mostly welcome changes to the rules on:
- ‘section 75’ debts in multi-employer schemes;
- DC-to-DC transfers without consent;
- disclosure of DC costs, charges and investments by occupational schemes; and
- transfers of contracted-out rights without consent.
The amendments are, largely, effective from 6 April 2018.