The Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006, introduced under the Pensions Act 2004, are extended to employers with more than 100 employees from 6 April 2007. Previously, the Regulations only applied to employers with more than 150 employees.
Employers covered by the legislation are not permitted to make major changes to their pension scheme without first consulting with current and prospective members, or their representatives, for a period of at least 60 days, prior to the changes being introduced.
Employers with more than 50 employees will be covered by the Regulations from 6 April 2008.
Guidance on the regulations is available on the Department for Work and Pensions' website at http://www.dwp.gov.uk/publications/dwp/2005/occ_pen_schemes/occ_personal....
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