Scheme amendment

Scheme amendment guidance:

THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL PENSION SCHEMES Amending the amendment power Any attempt to widen (or restrict) a scheme's amendment power can be fraught with...

Practice Note

THIS PRACTICE NOTE APPLIES TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES Sponsoring employers and trustees of defined benefit occupational pension schemes may need to...

Practice Note

Employees’ pensions rights under an occupational pension scheme can be categorised as: • pension rights arising under the trusts of the relevant pension scheme, and •...

Practice Note

THIS PRACTICE NOTE APPLIES TO OCCUPATIONAL PENSION SCHEMES An amendment to an occupational pension scheme made using the amendment power written into the scheme's trust...

Practice Note

Employers are required by statute to consult with members or their representatives for at least 60 days before making a ‘listed change’ to occupational or personal...

Practice Note

Employers with final salary pension schemes (a type of defined benefit scheme) have been looking for ways to reduce their exposure to financial liability and many have...

Practice Note

THIS PRACTICE NOTE APPLIES IN RELATION TO OCCUPATIONAL PENSION SCHEMES The regime under sections 67–67I of the Pensions Act 1995 (PA 1995) (sometime referred to as the...

Practice Note

Demonstrating an employer has breached its duty of good faith is no easy matter. The implied duty of good faith (known as the implied duty of trust and confidence in the...

Practice Note

THIS PRACTICE NOTE LOOKS AT PENSIONS REDUCTION IN THE CONTEXT OF ONGOING REGISTERED DEFINED BENEFIT PENSION SCHEMES The reduction of a person’s pension entitlement (ie a...

Practice Note