The Pensions Regulator has published a new, slimmer edition of its guidance for trustees on Incentive Exercises.
Commenting, Darren Philp, NAPF Policy Director, said:
“This guidance sits alongside the new industry Code of Practice on incentivised pension exercises, which the NAPF helped to develop.
“We would have preferred to see the Code as the only source of reference to help keep things simple. However, we are pleased that this guidance is a streamlined version of the previous edition and that it points the reader towards the Code.
“We need to ensure that people make the right decisions for their retirement, so it is essential that employers comply with the new Code of Practice. The NAPF will play its role in helping to monitor compliance over the next year.”