Stronger (nudge) than yesterday

Sam Dalling on why schemes containing DC benefits will need to be stronger than before

clock • 4 min read
Sam Dalling
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Sam Dalling

In January, the Department for Work and Pensions (DWP) published final regulations requiring defined contribution (DC) trustees to implement a ‘stronger nudge’ to members who want to either take or transfer their ‘flexible benefits’ (broadly DC benefits).

"Ok but I'm running a defined benefit scheme so I can stop reading now, right?" Not so fast my friend. DC additional voluntary contributions are flexible benefits so if your scheme contains them...

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