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New defined contribution pension flexibilities from 6 April 2015

The new defined contribution pension flexibilities that the Government announced in the 2014 Budget come into effect from 6 April 2015. 

These flexibilities give members of the Civil Service AVC Scheme, the partnership arrangement and the standalone stakeholder arrangement more choice over how they can access their defined contribution funds.  We have updated the relevant booklets to cover this, and you can view the new booklets under 'Scheme guides and Information' in the members' section of the website.

Please note  that these changes do not affect the defined benefit schemes - classic, premium, classic plus, nuvos and alpha.