Norton Rose Fulbright LLP | Pensions Briefing - DC Bulk Transfers - New without consent regime | June 2018

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In April 2018, the Pension Regulator (the Regulator) released guidance for trustees on the new regime for bulk transfers between trust arrangements offering 'pure' money purchase or defined contribution (DC) benefits. This follows the coming into force on April 6, 2018 of amendments to the Occupational Pension Schemes (Preservation of Benefits) Regulations 1991 (the Preservation Regulations). These changes represent the culmination of a long-standing regulatory objective to facilitate the consolidation of small DC trust arrangements to improve the management, governance and efficiency of vehicles offering DC pension benefits. Click here for more.