Proposed changes to the eligibility rules for establishing a pension scheme

03 October 2005

Treasury issues consultation document

The Treasury has issued a consultation document to seek views on proposed changes to the rules governing how tax-privileged pension schemes are established .The changes are designed to simplify existing rules as part of the wider work on pension simplification. The Treasury's preferred option is the creation of a new regulated activity of establishing a pension scheme, making all pension schemes including SIPPs regulated by the FSA with effect from April 2007.