Following the introduction of the new State Pension, salary-related contracted-out schemes can no longer transfer pensioner members to newly created schemes (with their consent) because these transfers can only currently take place to schemes that have been formerly contracted-out.
This consultation seeks views on proposed changes to employer debt legislation for employers in non-segregated defined benefit multi-employer schemes. It is being undertaken in response to a Call for Evidence that looked at the employer debt regime for employers in non-associated defined benefit...More
In the private sector, Defined Benefit (DB) pension schemes provide an important source of income in the retirement plans of 11 million current and future pensioners. Around £1.5 trillion is held under management by these schemes and they help to fuel the UK economy. The pensions provided by...More