Occupational Pension Schemes (Transfer Values and Miscellaneous Amendments) Regulations 2003 come into force

The Regulations enable trustees or managers to reduce the amount of a cash equivalent in occupational pensions schemes to which the minimum funding requirements apply, where such a scheme is not sufficiently funded to meet the full amount of the cash equivalent in respect of all of its members. The Regulations can be viewed on the OPSI website.
More from XpertHR on this item: XpertHR reference manual