Comment: What the pension incentives code of practice means for IFAs

June 2012 saw final publication of a government-led code of practice on pension scheme incentive exercises (where members of defined benefit schemes are given rewards for giving up future pension rights). There had been some initial consideration within the working group, made up of some formidable names within the UK industry, that they might ban the practice of encouraging members to opt out of their pension scheme. This prospect would have given rise to more than a few chills among those companies who see incentivise exercises as an effective means of managing their pension schemes. F...