Hogan Lovells

Key Dates

Notice of amendments issued on 25 January 2018.


Summary

Trustees will be required to ask members with flexible benefits whether they have taken appropriate independent financial advice or accessed guidance from the new single financial guidance body, before the member accesses his/her benefits or transfers the benefits to another scheme.  The new requirement will be contained in regulations made under a new section 113B of the Pension Schemes Act 1993.



Date Accessed: 03/12/2021