DWP presses on with s75 debt reprieve, and contracted-out and DC transfer measures

James Phillips
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Three measures were confirmed yesterday
Image:

Three measures were confirmed yesterday

Defined contribution (DC) and contracted-out rights will be allowed to be transferred without member consent under regulations soon to be introduced.

Also, sponsors of multi-employer schemes will get some reprieve as a new debt arrangement is introduced to alleviate the immediate section 75 burden often faced when ceasing to be an active employe...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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