New draft essential guide to pensions flexibilities

19 March 2015

Members of DC schemes will have more options as to how they take their retirement income from 6 April 2015.

There will also be changes to the disclosure of information requirements from this date that mean trustees will need to change what they tell members as they approach retirement.

The Pensions Regulator has produced a draft essential guide to the changes, which also includes example wordings for generic risk warnings and an example good practice process for trustees and managers to follow when their members are approaching retirement.

TPR essential guide to pension flexibilities.