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sturiley@excite.com

13/08/2008

Greater role for trustees as DWP issues draft transfer value regulations

The Department for Work and Pensions (DWP) has issued, for consultation, draft regulations on the calculation of cash equivalent transfer values. These draft regulations come over a year after the Government first consulted on possible different approaches and confirm that a ‘scheme-specific basis’ will be used, and in line with the ‘expected cost within the scheme’ approach.

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