Question to the Home Office:
To ask the Secretary of State for the Home Department, what steps her Department is taking to ensure that police officers have sufficient time to consult financial advisers about the effects of the New Police Pensions Scheme before that scheme takes effect on 1 April.
Information about the main elements of the reform has been in the public domain for some time. This includes: the Reform Design Framework which was published
on the Home Office website on 3 September 2012; an online calculator which allows officers to determine what benefits they might receive under the new
arrangements, published on 3 September 2012; and further detailed questions and answers which were published on 19 November 2013.
The Police Pensions Regulations 2015 were laid after extensive consultation with partners including police officers’ representatives. Members’ guidance was published on Friday 6 March, available at:
https://www.gov.uk/government/publications/the-police-pensions-scheme-2015-members-guide.
This provides police officers with all the information they need to seek the necessary independent financial advice on the scheme.