Trustees warned of 'regulatory gap' on direct access to DC pots

clock

Trustees have been warned of a lack of regulation surrounding new rules to allow pension members to access their defined contribution (DC) pots directly.

The draft Taxation of Pensions Bill published earlier this month introduced the uncrystallised funds pension lump sum (UFPLS) option as part of the Budget flexibilities (PP Online, 7 August). U...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

FCA and HMRC pension tax-free cash cancellation stance 'belies belief'

FCA and HMRC pension tax-free cash cancellation stance 'belies belief'

Reminded firms that, in practical terms, no cancellation rights exist on PCLS

Jenna Brown
clock 25 September 2025 • 5 min read
Regulatory action whilst the horse is still in the stable

Regulatory action whilst the horse is still in the stable

Chris Edwards-Earl looks at a contribution notice for an ongoing sponsor being upheld in the UT

Chris Edwards-Earl
clock 22 September 2025 • 3 min read
LCP warns against Budget pensions tax relief raid due to potentially 'serious' issues

LCP warns against Budget pensions tax relief raid due to potentially 'serious' issues

Firm warns changes to pensions tax could cause challenges for workers, employers and the public sector

Jasmine Urquhart
clock 08 September 2025 • 2 min read
Trustpilot