On 9 December 2010, the Pensions Regulator published its final form guidance on incentive exercises (such exercises include where cash incentives are offered to encourage members to transfer out of a scheme or to forego certain pension increases). Broadly, the guidance is similar to the draft version (reported in our e-bulletin here), reflecting the Regulator’s general disapproval of such arrangements and retaining an emphasis on the need for members to access independent financial advice.

It can be accessed on the Regulator’s website.