To help us in our consultation with the DWP, NAPF are seeking members who are likely to be affected by the changing definition of money purchase benefits as a result of the Bridge Trustees decision.
Schemes that will be affected include those with guaranteed returns or annuity rates, or those that convert AVCs to scheme pension at retirement. We will be talking to DWP about unintended consequences and it would be very helpful to have some examples of how various approaches would affect real schemes.
We have scheduled a meeting for those who would like to form a working group at NAPF offices at 9:30 am on Thursday 11th October.
If you would like to come along, or if you can’t make it but are interested in our on-going work on this issue, please contact Penny Pilzer at email@example.com for further information.