DWP changes consultation regs for GPPs

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Employers no longer have to consult with employees when a group personal pension provider is switched, a lawyer says.

Nabarro partner Anne-Marie Winton says the department for work and pensions issued revised guidance on the employer consultation regulations. She explains a change of provider would no longer be a listed change - as long as contribution rates do not change. She told IFAonline's sister publication, Professional Pensions: "There have been a number of queries raised about the operation of the employer consultation regulations and it is helpful that the DWP is aware that it needs to keep its guidance up to date. "This second version makes relatively few changes, but does clarify that empl...

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