The April 2015 "freedom and choice" reforms relating to DC pension savings will have significant implications for all DB schemes, particularly those that offer an additional voluntary contribution (AVC) facility.

This checklist by Allen & Overy LLP (from their DCHQ online series) outlines five key issues to address. It should be reviewed alongside Checklist, Countdown to flexibility: five key actions for DC trustees.

For more about the reforms, see Practice note, DC pension flexibility: overview.