01 October 2008
The Pensions Act 2007 introduced provisions that would allow trustees or scheme managers of contracted-out occupational pension schemes to convert members’ Guaranteed Minimum Pensions into ordinary scheme benefits where benefits post-conversion are ‘actuarially at least equivalent’ to pre-conversion benefits. On 2 September 2008 the Government issued for consultation draft regulations describing how actuarial equivalence is to be met.
View the briefing note.
Trustee training - Pension scheme investment (September 2010)