Reforms offering greater flexibility, 'Freedom and Choice', in the way that individuals aged 55 and over can access their defined contribution (DC) pensions became effective on 6 April 2015.

As the Local Government Pension Scheme (LGPS) is a public sector defined benefit (DB) scheme, 'Freedom and Choice' does not apply to it.

However, before retiring, members do have the right to transfer their pension rights out of the LGPS to a DC arrangement offering 'flexible benefits'.

As a transfer out of the LGPS is a major financial decision requiring careful consideration and can only be done after taking advice, we suggest that any members contemplating this course of action first read our Freedom and Choice Q & A for LGPS members.