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Detail of outcome
There was broad agreement by most respondents that the provisions in the Order:
- are necessary as a consequence of contracting out ending
- protect members’ rights
- will ensure schemes are able, post abolition, to carry out their administrative functions
The consultation response addresses concerns raised about certain administrative functions.
The legislation is published as follows:
This consultation asks for views on proposed further legislative changes in the draft Pensions Act 2014 (Abolition of Contracting-out for Salary Related Pension Scheme) (Consequential Amendments) Order 2016.
The Order contains for the most part minor and technical changes to other secondary legislation to take account of the abolition of contracting out.
The proposed changes in the Order follow on from the regulations published in September 2015 (The Occupational Pension Schemes (Schemes that were Contracted-out) (No.2) Regulations 2015).