The Department for Work and Pensions (DWP) has published the Government’s response to its consultation on draft regulations on the sharing of pension credit benefit arising from a pension share on a divorce.
Proposals contained in the draft regulations included the proposal to allow the early payment of pension credit benefits held in an occupational pension schemes. Please see EPB bulletin 3 June 2008 for more information.
The DWP originally intended for the draft regulations to come into effect from 1 October 2008. The Government is now proposing that the draft regulations take effect on 6 April 2009.