Money purchase members whose pensionable service starts on or after 1 October 2015 will become entitled to vested benefits in the scheme after just 30 days rather than the current 2 years.


The relevant legislation does not override scheme rules, but trustees are under a legal duty to "take such steps as are open to them" to ensure that their scheme rules comply with this requirement.  Trustees should therefore review their scheme rules to check whether a rule amendment will be necessary.

Key contacts

Rachel Rawnsley

Rachel Rawnsley

Partner, Head of Pensions
United Kingdom

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Jade Murray

Jade Murray

Partner, Pensions
United Kingdom

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Catherine McAllister

Catherine McAllister

Partner, Pensions
United Kingdom

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Rachel Uttley

Rachel Uttley

Partner, Pensions
United Kingdom

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