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?


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