Written ministerial statement - Pension Transfer Values (Regulations)

Thursday, 24 April 2008 17:46

The Minister for Pensions Reform (Mr. Mike O'Brien): New regulations on the calculation of pensions transfer values were laid on 11 April. The regulations come into effect on 1 October 2008. The regulations build on the very useful dialogue we have had with the pensions community about the way that pensions transfer values should be calculated. The regulations are largely as we consulted on. However, the requirement that every assumption used in the calculation should be a...Request free trial