Hogan Lovells

Key Dates

The Financial Guidance and Claims Bill was introduced in the House of Lords on 22 June 2017. 


Summary

The Financial Guidance and Claims Bill has been introduced in the House of Lords. The principal features of the Bill are as follows.

A cross-party amendment was made to the Bill at report stage in the House of Lords, despite government opposition, intended to require trustees or managers to ask members or survivors if they have received information and guidance before they access or transfer their pension assets.  Where the member or survivor has not received information and guidance, the trustees or managers will be expected to provide access to this before proceeding to the individual's request.



Date Accessed: 03/12/2021