DB to DC transfers and conversions
Open date: 12 February 2015
Closing date: 17 March 2015
Consultation on our DB to DC transfers and conversions guidance.
- DB to DC transfers and conversions consultation response (PDF, 74kb, 10 pages)
- DB to DC transfers and conversions regulatory guidance (PDF, 184kb, 21 pages)
This consultation is in respect of the new guidance proposed for DB pension scheme trustees and also includes implementation of the requirement for appropriate independent advice. It is the first part of a package of communications to help trustees prepare for major pension reforms that will be implemented from 6 April.
In addition, and to address the new pension flexibilities, the regulator is committed to publishing further guidance for trustees in early March, following publications of further regulations by the Department for Work and Pensions (DWP). This other guidance will address new requirements on how trustees should direct their members to the new Pension Wise service.