convert the DB benefits to DC benefits in the same scheme,
the scheme trustees must check that the member or survivor has received "appropriate independent advice".
The Bill also provides for employers to pay for this advice in certain circumstances (yet to be specified).
More detail on these requirements is expected to be in DWP regulations, yet to be made publically available.
On 12 February 2015 the Pensions Regulator published a consultation document on guidance for trustees on their new duty to check advice, from which we can glean what is likely to be required. This note is based on that draft guidance.
