Information published to prepare trustees for new pension legislation

Tuesday 17 February, 2015

On 12th February 2015 The Pensions Regulator issued an ‘Essential Guide’ that can be used by trustees of defined contribution pension schemes that provide money purchase benefits to clarify the new rules relating to minimum governance standards and charge controls that will come into effect after April 6th.

Simon Hawker, Managing Director Lonsdale Services said: ‘With the changes to pension legislation due shortly this guide on new governance standards and new charge controls is really useful for trustees and should be reviewed alongside the existing defined contribution code of practice.  The Pensions Regulator will also soon publish information for trustees of defined benefit schemes on how to deal with DB members who want to transfer to defined contribution schemes to benefit from the new pension legislation.’ 

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