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21 Dec 2017

Government papers: Bulk transfer of contracted out pension rights without member consent: draft regulations

This consultation seeks views on the Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2018. The 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:

Draft Contracting-out regulations 1
  • the rights of the member are not adversely affected
  • the same protections must be provided by the new scheme.

This consultation follows the government’s response to its April 2017 consultation on the Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017.

The consultation closes at 11:45pm on 17 January 2018. Participants can email their responses to [email protected].

https://www.gov.uk/government/consultations/bulk-transfer-of-contracted-out-pension-rights-without-member-consent-draft-regulations
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