EURACS – European Actuarial & Consulting Services » ‘DB to DC transfers post 5 April 2015’ seminar

‘DB to DC transfers post 5 April 2015’ seminar – Cheltenham

Freedom and choice in pensions is already transforming defined contribution (DC) pensions, but how will it impact defined benefit (DB) schemes?

George Osborne’s Budget speech in March 2014 started a revolution not just in DC pensions but in the entire pensions industry. Greater flexibility in DC pensions after 5 April 2015 will inevitably result in more members requesting to transfer their DB pensions into DC arrangements, with substantial consequences for DB schemes and their trustees. As well as potential flexibility for members, the new landscape presents new risks (both financial and non-financial) to trustees and sponsors.

This seminar will explore the issues around this and the new requirement for members to have received advice before transferring, in particular:

how much research do trustees need to do about a transferee’s advisors and receiving scheme?
where transfers are discretionary, what factors should trustees bear in mind?
how might transfer volumes impact on future funding levels and cashflow?
should all members approaching retirement be given transfer quotes in future?
should employers be seeking to promote transfer options, and how should trustees respond?
do scheme transfer and commutation factors need to be set differently in future?

Timings:

This is an evening seminar with registration from 5pm and the seminar running from 5.15pm – 6.45pm

Contact Information

www.barnett-waddingham.co.uk/about/events
Location and date

18 March 2015

Cheltenham, United Kingdom

United Kingdom

Contact Information

Location and date