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Contracting out is going to cease – what will you do? Back to search results
Company: Towers Watson
Published: 08 February 2013
Business Area: Defined Benefit Pensions
Format: Portable Document Format (.pdf)
Overview:
The Government confirmed in its recent White paper that it will amend legislation so that occupational pension schemes are no longer able to contract out on a defined benefit (DB) basis from April 2017 at the earliest.
This briefing considers the impact of this announcement on contracted-out schemes and sets out the options that employers should consider in response.
- Tags:
- Pension scheme,
- Defined benefit,
- Pensions,
- Reform.
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