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ABI timeline for HMT pensions freedoms consultation

Members should note the ABI's proposed approach to responding to HM Treasury’s consultation, Freedom and Choice in Pensions.

This will be complemented by work to take forward the guidance guarantee and the more immediate changes needed to respond to the Budget announcements. Also, we will engage with members through Committee and Working Group meetings. Members will be updated if the timing changes.

We will be working closely with our Investment Affairs colleagues, who will lead drafting on the impact on financial markets and investments (including from the DB transfers proposals). I will forward information from you covering the impact on investments to Catherine Phillips during the early drafting stages. If you would like to discuss these issues in more detail, please contact Catherine Phillips in the first instance.

Members input welcome on HMT Freedom and Choice in Pensions paper

Monday 28 April

Please email: Rob Yuille 

ABI to circulate draft for members’ comment

Tuesday 6 May

Closing date for comments – Wednesday 14 May

Please email: Rob Yuille

ABI to submit second draft to Long Term Savings and Life Insurance Committee (LTSLIC) for review

Monday 19 May

Closing date for comments – Tuesday 27 May

Please email: Rob Yuille

ABI to submit to ABI Board

Friday 30 May

Closing date for comments – Friday 6 June

Please email: Yvonne Braun

ABI to submit response to HMT

Wednesday 11 June

As shown in the table above, the first step is to receive member views on the HMT paper by Monday 28 April, 2014.

If you have any questions about this process, or to discuss your views about the consultation, please contact Rob Yuille.

Last updated 01/07/2016