DWP consults on bulk DC transfers without consent

Trustees Agenda posted on 26 October, 2017

The DWP has published a consultation on proposals to simplify the bulk transfer of DC pensions without member consent.

The draft regulations would replace the requirement to obtain an actuarial certificate with an alternative test and new member protections, remove the scheme relationship condition, and maintain charge cap protections for those transferred without consent.

The consultation runs to 30 November 2017.