Yes, provided they (and the trustees) are satisfied that any incentive exercise proposal complies with applicable legal requirements, in particular regarding: • the contractual obligations and duties the employer owes to its workforce (for more information, see Practice Note: Employer duties to provide pensions to employees) • consultation with employees under the Pensions Consultation Regulations, SI 2006/349 (for more information, see Practice Note: Pension consultation requirements—an introduction) • data protection (for more information, see Practice Note: Data protection for pensions lawyers) • statutory restrictions on amendment under the Pensions Act 1995, s 67 (for more information, see Practice Note: Statutory restrictions on amendment—section 67 and when it applies) • assignment, commutation or surrender of benefits under the