(1)Regulations may require any prescribed person who is the employer in relation to an occupational pension scheme and who—
(a)proposes to make a prescribed decision in relation to the scheme, or
(b)has been notified by the trustees or managers of the scheme that they propose to make a prescribed decision in relation to the scheme,
to consult prescribed persons in the prescribed manner before the decision is made.
(2)Regulations may require the trustees or managers of an occupational pension scheme not to make a prescribed decision in relation to the scheme unless—
(a)they have notified the employer of the proposed decision, and
(b)they are satisfied that the employer has undertaken any consultation required by virtue of subsection (1).
(3)The validity of any decision made in relation to an occupational pension scheme is not affected by any failure to comply with regulations under this section.
(4)Section 261 contains further provisions about regulations under this section.
Modifications etc. (not altering text)
C1S. 259 modified (2.2.2006) by The Occupational Pension Schemes (Consultation by Employers) (Modification for Multi-employer Schemes) Regulations 2006 (S.I. 2006/16), regs. 1(2), 2
Commencement Information
I1S. 259 in force at 1.1.2006 for specified purposes and 6.4.2006 in so far as not already in force by S.I. 2005/3331, art. 2(5), Sch. Pt. 5