New Code of Practice on Incentive Exercises

11/06/2012

Overview

In November 2011, Steve Webb, the Pensions Minister, confirmed his intention to "crack down" on bad practice in relation to incentive exercises ("IEs").  To achieve this, he tasked an industry working group with improving the standard of such exercises, "while preserving [them] as a legitimate tool for sponsors to help manage the liabilities in their [DB] pension schemes". 

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