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ARTICLE · 21 FEBRUARY 2017

Restructuring DC Pension Schemes - Have Your Say

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The Department for Work and Pensions (DWP) has called for evidence on the bulk transfer of DC pensions without member consent.

United KingdomEmployment and HR
Christopher Stiles
Christopher Stiles
Joanne Tibbott
Joanne Tibbott
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The Department for Work and Pensions (DWP) has called for evidence on the bulk transfer of DC pensions without member consent.

The DWP is asking for industry views on how the current provisions work in practice and is also seeking suggestions on how the DC to DC transfer process could be improved. The deadline for responding to the call for evidence is 21 February 2017. 

1. Automatic enrolment, ever-increasing governance requirements, and the introduction of new benefit freedoms have all led employers to consider the future of their occupational DC pension schemes. In particular, many employers and trustees are considering consolidation of their existing schemes, and/or the transfer of benefits to the 'master trusts' that have recently entered the industry.

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