Timing

Timing

Whilst it is expected that the new regime will come into effect on 30 June 2017, there will be a transitional period to enable providers to fully comply with the new rules, after which it is expected that firms and schemes that cannot comply will not be afforded regulated pension status. The exact timeframe for the transitional period is yet to be confirmed but it is expected that this will be in place until mid to late 2018, so there is time to carry out reviews and take advice where necessary.