The pensions world has hesitated over environmental, social and governance factors for a long time, writes Pinsent Masons' Carolyn Saunders, but legal developments mean they cannot afford to do so any longer.
Technical view: will the pros outweigh the cons when short-service refunds are stopped?
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June 7, 2012
An employee who has between three months and two years of pensionable service in a trust-based scheme, and who opts out of that scheme, can choose to receive either a refund of their contributions (less tax) or a transfer of employer and employee contributions to another scheme.