Following its consultation in 2014, the Commission today publishes a revised version of the RATS rules. The Commission requests comments on the revised rules as published. The rules will, subject to the absence of fatal flaws in the proposals, come into force on 5th October, 2015. A copy of the rules can be foundhere.
The objective of the 2014 review was to determine whether there were potential changes that could be made to the RATS rules in order to reduce the costs and open up opportunities for the development of self-invest pensions without any reduction in the protection available to a member. This objective garnered widespread endorsement and support from industry and the public.
Any representations can be made in the first instance to [email protected].