DWP 'should press ahead' on protected rights reform


First Actuarial has called on the Department for Work and Pensions to press ahead with proposals to remove the constraints surrounding protected rights.

The DWP has issued a 25-page consultation, which closes on 13 October, over whether the special conditions relating to protected rights, the money built up from national insurance rebates through contracting out of the state second pension (S2P), should be removed or just lessened. It says it is looking to treat protected rights in the same way as other pension benefits, as part of its ‘rolling deregulatory review’ of pensions legislation, as contracting out of defined contribution (DC) schemes will be abolished by 2012, and having two sets of monies within one account simply increases th...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on Investment

Schroder Investment Solutions expands distribution of MPS

Schroder Investment Solutions expands distribution of MPS

Expanding the range of DFM choice on the Parmenion platform

Ayesha Venkataraman
clock 06 December 2022 • 2 min read
Larger DC pots hit by weak investment performance

Larger DC pots hit by weak investment performance

Aon’s DC tracker

Holly Roach
clock 01 July 2022 • 4 min read

Adrian Boulding: Managing decumulation journeys through Covid-19 market uncertainties

Adrian Boulding examines what’s happening in the world of investment advice at retirement and considers what the world might look like after the pandemic. Financial plans and strategies will need to be both recession-proof and tax-man proof, he writes...

Jenna Brown
clock 02 September 2020 • 7 min read