Consultation outcome

Bulk transfer of contracted out pension rights without member consent: draft regulations

• From: Department for Work and Pensions
• Published: 21 December 2017
• Last updated: 27 February 2018 — See all updates

This was published under the 2016 to 2019 May Conservative government

This consultation has concluded

Read the full outcome

Government response: The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2018

Ref: ISBN 978-1-78659-022-0

PDF, 129 KB, 10 pages

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Detail of outcome

We published the government response to this consultation on 26 February 2018.

Read The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2018 on www.legislation.gov.uk.

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Original consultation

Summary

The regulations enable bulk transfers of contracted-out rights in certain circumstances without member consent, to schemes that have never been contracted out.

This consultation ran from
21 December 2017 to 11:45pm on 17 January 2018

Consultation description

This consultation seeks views on the Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2018. The regulations enable bulk transfers of contracted-out rights to take place in certain circumstances without member consent, to schemes that have never been contracted out. Conditions of the transfer will be that:

• the rights of the member are not adversely affected
• the same protections must be provided by the new scheme

This consultation follows our response to our April 2017 consultation on the Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017.

The consultation is mainly aimed at:

• pension administrators and employers who sponsor formerly contracted-out defined benefit occupational pension schemes
• those intending to establish new defined benefit schemes

We also welcome comments from:

• the pension industry
• pension schemes trustees and members
• member representative organisations
• any other interested organisations

Documents

The draft Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2018: consultation

Ref: ISBN 978-1-78425-997-6

PDF, 257 KB, 16 pages

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Published 21 December 2017
Last updated 27 February 2018 + show all updates

1. 27 February 2018

   Added a link to the regulations.

2. 26 February 2018

   We published the government response to this consultation on 26 February 2018.

3. 21 December 2017

   First published.