Freedom of choice

clock

Mike Morrison assesses the impact protected rights legislation will have on the SSAS market

One of the most eagerly awaited pieces of pension legislation in 2008 is likely to be the Personal Pension Schemes ((Appropriate Schemes) (Protected Rights) (Amendment)) Regulations 2008. The regulations are likely to be made by the department of work and pensions in July 2008 with a view to coming into effect on 1 October 2008 and will finally allow SIPPs to accept protected rights funds. So, let's just have a quick recap on protected rights. Prior to 1988, contracting out of state earnings related pension scheme (SERPS) was only possible at scheme level, hence the existence of contrac...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Women, wealth, and worry: How to close the retirement gender gap

Women, wealth, and worry: How to close the retirement gender gap

Julia Peake explores the retirement gender gap and suggests how it can be closed...

Julia Peake
clock 16 December 2025 • 4 min read
Senior pension figures question HMRC's 7.7 million salary sacrifice uptake figure

Senior pension figures question HMRC's 7.7 million salary sacrifice uptake figure

‘It doesn't take much of an error in those figures to have no benefit whatsoever’

Jenna Brown
clock 15 December 2025 • 8 min read
FCA launches consultation on adapting to a 'changing pensions market'

FCA launches consultation on adapting to a 'changing pensions market'

Outlines regime for digital pension planning tool

Holly Roach
clock 11 December 2025 • 3 min read