New duty to provide guidance to beneficiaries of pension schemes introduced
Implementation date: 1 June 2022
The Occupational and Personal Pension Schemes (Disclosure of Information) (Requirements to Refer Members to Guidance etc.) (Amendment) Regulations 2022 (SI 2022/30) place new requirements on trustees and managers of certain occupational pension schemes to refer relevant beneficiaries to appropriate pensions guidance when they apply to receive or transfer their flexible benefits.
See Advising employees in Workplace pensions for more information.