Bulk transfer of contracted out pension rights without member consent: draft regulations
Read the full outcome
Detail of outcome
We published the government response to this consultation on 26 February 2018.
Read on www.legislation.gov.uk.
Original consultation
Consultation description
This consultation seeks views on the Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2018. 皇冠体育app regulations enable bulk transfers of contracted-out rights to take place in certain circumstances without member consent, to schemes that have never been contracted out. Conditions of the transfer will be that:
- the rights of the member are not adversely affected
- the same protections must be provided by the new scheme
This consultation follows our response to our April 2017 consultation on the Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017.
皇冠体育app consultation is mainly aimed at:
- pension administrators and employers who sponsor formerly contracted-out defined benefit occupational pension schemes
- those intending to establish new defined benefit schemes
We also welcome comments from:
- the pension industry
- pension schemes trustees and members
- member representative organisations
- any other interested organisations