Pensions (Transfer Values)

The Minister for Pensions Reform (Mr. Mike O'Brien)
In the consultation on the calculation of pensions transfer values, a number of respondents asked for more time to get ready before the new regulations take effect. The Government have considered the arguments carefully and have decided to delay bringing the new regulations into force until 1 October 2008.

The existing arrangements for the calculation of pensions transfer values will therefore remain in force until that time.