Consultation outcome

Contracted-out pensions: enabling transfers to schemes that have never been contracted-out

This consultation has concluded

Download the full outcome

Government response: The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017

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Impact assessment: Enabling the transfer of contracted-out pensions in payment to new pension schemes that have never had contracted-out provisions

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Statutory Instrument (copy): The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017

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Explanatory Memorandum (copy): The Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017

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Detail of outcome

We published the government response to this consultation, and an impact assessment, on 26 April 2017.

Original consultation

Summary

A consultation on changes to enable transfers of pensioner members, with their consent, to schemes that have never been contracted out.

This consultation ran from
to

Consultation description

This consultation seeks views on draft regulations to introduce changes to enable transfers, in limited circumstances, of pensioner members, with their consent, to schemes that have never been contracted-out.

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 Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2017: consultation

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Published 10 April 2017
Last updated 27 April 2017 + show all updates
  1. Added a copy of the regulations and explanatory memorandum pending publication on www.legislation.gov.uk
  2. Published the government response to this consultation, and an impact assessment.
  3. First published.