Due to the ‘change in economic circumstances’ since the DRA was introduced, the Government has announced that it will bring forward its review from 2011 to 2010.

The Government has started the process of engaging with stakeholders and gathering evidence to inform the review. If the evidence shows that the DRA is no longer needed, the Government will act to make the necessary changes to legislation. However, any changes will not be implemented until 2011 in order to give employers time to prepare and employees time to consider what impact the new circumstances will have on their retirement plans.