End of defined benefit contracting out

06 July 2015

In this pensions webinar our pensions law experts will look at the end of defined benefit contracting out.

Defined benefit contracting out will end in April 2016. Both schemes which are currently contracted out and those which were once contracted out need to consider how they will be affected. What does it mean for scheme benefit design? Are any rule amendments needed? Is use of the statutory override appropriate?

Schemes will need to reconcile their membership and GMP data against records held by HMRC. This is likely to reveal discrepancies. How should trustees deal with any member overpayments?

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

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