Regulator outlines time frames for early leavers

It relates to new provisions expected to come into force in April, outlining the rights of members leaving occupational pension schemes early to receive a cash transfer sum or a refund of their contributions, providing they have between three months and two years pensionable service and do not have vested rights to scheme benefits. The ‘Early Leavers - reasonable periods’ code of practice relates to new requirements for trustees and managers of pension schemes to notify early leavers of their rights, and to put those rights into effect. The Pensions Regulator says the code, which is exp...