New duty to provide guidance to beneficiaries of pension schemes introduced

Implementation date: 1 June 2022

The Occupational and Personal Pension Schemes (Disclosure of Information) (Requirements to Refer Members to Guidance etc.) (Amendment) Regulations 2022 (SI 2022/30) place new requirements on trustees and managers of certain occupational pension schemes to refer relevant beneficiaries to appropriate pensions guidance when they apply to receive or transfer their flexible benefits.