Govt to allow self-investing for protected rights

Speaking in the House of Lords yesterday during a debate on the Pensions Bill, Lord MacKenzie of Luton, a Minister from the Department for Work and Pensions (DWP), confirmed while the requirement for a 50% spouse's pension will remain all other differences between protected rights and other pension money will be removed which will allow the opportunity for self-investment. In his speech, Lord MacKenzie says the Government acknowledges the protected rights rules can complicate scheme administration and restrict flexibility for members, and so in order to simplify matters it wants to remove ...