In order to end the unlawful treatment, the Government has indicated all members will go into same scheme (assuming members haven’t already left or retired) at a date in the future. The Government’s consultation response confirms the remedy period will end on the 1 April 2022.
This means members with full protection who were expecting to be able to maintain membership of their original scheme forever more will now join Alpha on this date. However all members with full protection will reach their normal pension age before the end of the remedy period. Therefore this will only affect members who work beyond their normal pension age.
Get help
If you have further questions about this contact us for more help.