Increasing the normal minimum pension age: consultation on implementation: PLSA Response

In February 2021, HMT and HMRC launched a consultation to gather views on the government’s intention to legislate the increase of the normal minimum pensions age to 57 from 6 April 2028. 

The PLSA is supportive of increasing the age to 57, however, this will result in administrative burden and communication challenges. We ask for additional guidance to be given on: the rules for protecting pension age and its interaction with the new NMPA; block transfers that are taking place now; new joiners and opt-outs; and on how to combat related scams, such as from entities promising individuals a chance to bypass the new complexities.