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TPR Updates Transfer Incentives Guidance

The Pensions Regulator (TPR) has published a consultation document for trustees and managers of occupational pension schemes on transfer incentives to replace the 'inducement offers' guidance published in January 2007. The updated guidance clarifies the role of both the employer and trustees

TPR wants to ensure that trustees become actively involved in any transfer incentive or other benefit modification exercises that the employer proposes to run.

To view the consultation document on the TPR webpage, please click here.