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Legal Update

Abolition of DC short service refunds: action required

September 2015
Mayer Brown Legal Update
Currently, a member of a DC occupational pension scheme who leaves the scheme within two years is entitled to a refund of their contributions to the scheme. From 1 October 2015, this will change, and new joiners to DC schemes will be allowed to take a contribution refund only if they leave the scheme within 30 days. This legislative change may raise a number of issues for DC schemes.


  • Ian Wright
    T +44 20 3130 3417
  • Jonathan Moody
    Legal Professional / Consultant
    T +44 20 3130 3042
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