The introduction of the new State Pension from 6 April 2016 – and with it the abolition of contracting-out – is imminent. All pension plans containing contracted-out benefits (including reference scheme test benefits and/or guaranteed minimum pensions) will be affected to some extent, and it is important that employers and trustees understand the implications of this important development for their pension plan.
In our latest publication, we discuss some of the tricky issues that need to be considered by employers and trustees of pension plans providing contracted-out benefits, and some of the areas where action may be required.
For further information please contact any of the partners listed or your usual contact in the Squire Patton Boggs Pensions Team.
