Ten questions clients will ask about the abolition of protected rights

1. When will protected rights be abolished? A ministerial statement on 15 March 2010 by Angela Eagle, the then pensions minister, announced that contracting-out for defined contribution (DC) schemes is to be abolished from 6 April 2012. 2. What happens to individuals who are currently contracted-out via a DC scheme after 6 April 2012? Those individuals who are currently contracted-out will be brought automatically back into the additional state pension as from 6 April 2012. 3. What is the additional state pension? Very simply the additional state pension is offered by the government a...