A quick guide to the government's reforms to how individuals with defined contribution (DC) pension savings can flexibly access their funds, including the new uncrystallised funds pension lump sum (UFPLS) and flexi-access drawdown options. The new regime came into force on 6 April 2015.
The Solicitors Regulation Authority issued a new Handbook in 2011, including a new Code of Conduct, which was prompted by the introduction of Alternative Business Structures (ABSs). The Handbook was introduced on a phased basis from August 2011. The key implementation date was 6 October 2011. This note explains the background to the Handbook and its structure. For information on how the Handbook and Code of Conduct impacts on issues commonly faced by lawyers in property transactions, see Practice note, SRA Handbook 2011 and Code of Conduct: issues for property lawyers.