Freedom and Choice


Over recent months there has been a great deal of information in the media and elsewhere about the Government's announcement in the 2014 Budget that reforms to workplace pensions would be made, effective from 6 April 2015. These reforms offer greater flexibility (‘Freedom and Choice’) in the way individuals aged 55 and over can access any Defined Contribution pension savings they may have.


It's important that, as an employer participating in the Local Government Pension Scheme (LGPS), you understand that your employees who are members of the LGPS are members of a public sector Defined Benefit scheme.

A Q&A for LGPS employers which provides an outline of the Freedom and Choice policy in particular in respect of transfers of safeguarded benefits in the LGPS to defined contribution (DC) schemes is available here.