Responses published to draft IDRP amendment regulations

The National Association of Pension Funds (NAPF) and Society of Pension Consultants (SPC) have published their responses to the consultation on the draft regulations that aim to simplify the statutory internal dispute resolution procedure (IDRP) regime. For background information on the consultation, see Legal update, DWP consults on draft IDRP amendment regulations.

The NAPF highlights that the proposed statutory obligation to give applicants details of the Pensions Advisory Service may become out of date, given possible future legislative changes in the area of providing generic financial advice. Further, the NAPF suggests this duty should only apply at the initial stages of the IDRP. By contrast, the SPC suggests that the duty should apply when applicants receive final decisions under the IDRP.

The SPC also queries whether there will be a statutory requirement on schemes to tell their members if they implement a single-stage IDRP following enactment of the regulations. Additionally, the SPC believes that proposed regulation 2(1), which requires applicants to be given details of the Pensions Ombudsman when receiving notification of an IDRP decision, should be updated to cover schemes that continue with a two-stage IDRP. Otherwise, applicants may approach the Ombudsman's office before receiving a second stage decision, in circumstances where the Ombudsman will not have jurisdiction to investigate.

See Consultation on draft regulations, NAPF, December 2007 and Letter from SPC to DWP, 19 December 2007.
PLC Pensions


 

The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.

Free trial

A free trial will give you:

Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area
 

Login

Subscribers and trialists can login below

Contact Us

If you need assistance logging in or have any questions about our services, please contact us.

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247245997655", "objName" : "Responses published to draft IDRP amendment regulations", "userID" : "2", "objUrl" : "http://us.practicallaw.com/cs/Satellite/us/resource/3-380-0704?q=&qp=&qo=&qe=", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "24bbf7227:14a5fb43a8a:-53f4", "analyticsSessionCookie" : "24bbf7227:14a5fb43a8a:-53f3", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }