The February 2014 edition of Pensions Pieces featured an article about the Government consultation on its approach in relation to the reclassification of scheme benefits from money purchase to non-money purchase as a result of certain legislative changes that are due to come into force retrospectively (with effect from 1 January 1997). The Government has now issued updates on this issue and it is anticipated that the relevant regulations will come into force by the end of July 2014.

We will issue a more detailed publication on these developments shortly.