(This archived guidance relates to HMRC discretionary
practice before the 6th April 2006. For current guidance on
Registered Pension Schemes see the Registered Pension Schemes
Manual)
This new legislation therefore gives employers a choice. It allows employers to set up new personal pension schemes and stakeholder pension schemes. Or an employer who already has a scheme should be able to apply for stakeholder registration without the trouble of transferring assets and winding up the original scheme. And the conversion Regulations allow existing occupational pension schemes to “convert” to the personal pensions regime, providing they satisfy certain conditions.
