The regulations which will permit self-invested personal pensions (SIPPs) to hold protected rights have now been laid before Parliament. The regulations, which also repeal a provision which allowed protected rights to be used for paying a pension to someone who was not the member’s spouse, civil partner or child, will come into force on 1 October 2008.

For further information, see the July issue of Pensions Update, which included details of how to apply in advance for a contracting-out certificate (effective from 1 October).