1. Who gets the freedoms?
Anyone with a pot of money in a defined contribution (DC)/ money purchase pension scheme.
If you provide your employees with a trust based DC scheme you need to decide, with the trustees, the extent to which you want to allow access to the new freedoms. You might allow members to only take their pot in one go, or you might allow them to take their pot in chunks as they choose. The more flexibility you offer the greater the operational costs and risks.
You do not have to allow access to the freedoms. You can decide that the members’ only option is to transfer to another pension scheme.