Registered Pension Schemes (Prescribed Requirements of Flexible Drawdown Declaration) Regulations 2011 come into force

Implementation date: 11 August 2011

The Regulations prescribe the requirements for a valid declaration made under ss.165(3A)(b) or 167(2A)(b)(3) of the Finance Act 2004. A member of a registered pension scheme, or his or dependant, must make a valid declaration to be entitled to a flexible drawdown. The Regulations can be viewed on the UK legislation website.