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B&CE, provider of The People’s Pension has responded to the DWP’s latest consultation by rejecting the current rules applying to bulk DC to DC transfers as ‘inappropriate for the DC enviroment’. The existing transfer rules may go so far as to prevent scheme consolidation and lead to poor outcomes for scheme members.
To read the complete response to the consultation from B&CE, provider of the People’s Pension, please follow the link below:
B&CE response to DWP bulk transfers consultation
For further information on this response, or the work of B&CE or The People’s Pension, please contact:
Andy Tarrant, Head of Policy & Government Relations at
firstname.lastname@example.org or 07515 121204.
B&CE is the provider of The People’s Pension. The People’s Pension is a master trust serving 2.4 million savers in the auto-enrolment market. We provide low cost, high quality pensions to low and moderate income earners. We are an efficient, private sector alternative to the government-funded state intervention of NEST. We are not reliant on state subsidy of any kind. We are run under a trust in the interest of our members. B&CE Holdings has been providing welfare and employee financial benefits for the construction sector since 1942 (B&CE also provides a stakeholder pension for the construction industry, which serves a further 476,000 members).
We tweet as @BandCE.