The Pensions Regulator

Reminder: deadline for submission of responses to consultation on draft guidance to help trustees calculate transfer values

The deadline for comments on the Pensions Regulator's draft guidance on calculating 'cash equivalent transfer values' for members of defined benefit schemes is Friday 19 September.

The guidance aims to help DB scheme trustees understand and fulfil new responsibilities being introduced in regulations by the Department for Work and Pensions. From 1 October 2008 it will be the responsibility of the trustees to take the decisions on which the calculation of cash equivalent transfer values is based. The regulator's draft guidance provides suggestions of good practice in the calculation of CETVs.

To view the consultation document visit:

http://www.thepensionsregulator.gov.uk/
pdf/CETVGuidanceConsultationDocAug08.pdf

We welcome feedback from the pensions community. Responses may be sent to the regulator by:

Email: transfervaluesguidance@thepensionsregulator.gov.uk

Post: Erhan Kalyon, The Pensions Regulator, Napier House, Trafalgar Place, Brighton, BN1 4DW

For further information on amendments to the Occupational Pension Schemes (Transfer Values) (Amendment) Regulations 2008 SI 2008/1050 please contact the Department for Work and Pensions: http://www.dwp.gov.uk/