DWP calls for evidence on bulk DC transfers

Under the current system, a scheme may undertake a bulk transfer of members' accrued pensions without their consent providing certain conditions intended to ensure the members' protection are met. Such conditions include when the scheme is being wound up and the transfer is to another scheme that applies to employment with the same employer; and when the scheme is being transfered to a new employer with a relationship with the old one, such as between two companies within the same group. Additionally, information about the proposed transfer and details of the value of the rights to be ...