Pension ruling expected

By Ruth Alexander The Inland Revenue is expected to release the final regulations governing transfers from income withdrawal contracts from occupational pension to personal pension schemes this week. The regulations, which will take effect 21 days after this event, provide a model set of rules surrounding the transferral. The regulations will allow the transferral of an existing income withdrawal contract to a new personal pension provider. Until the introduction of these regulations an individual has had no ability to change provider once electing for income withdrawal. A spokesperson ...