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We have decided to allow transfers from Defined Benefit contracted-out schemes to non-contracted-out schemes post abolition. We will amend the consequential regulations to make it clear that the status of previously transferred protected rights is not changed.
This consultation sought views on whether the draft consequential legislation would permit contracted out rebates to be paid or recovered after the abolition date, for periods prior to 6 April 2012, whilst still achieving the government’s objective of ending contracting-out on a money purchase basis.