Amendments to the consultation by employer requirements
2.—(1) The Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006(1) are amended as follows.
(2) For regulation 6(4) (consultation not required before decisions to make listed changes affecting schemes), substitute—
“(4) The first case is where the active or prospective members of the scheme to whom—
(a)a listed change mentioned in regulation 8(1)(h) relates were notified before 6th April 2012 of the proposal to make that change, or
(b)any other listed change relates were notified before 6th April 2006 of the proposal to make that change.”.
(3) In regulation 8(1) (listed changes for occupational pension schemes), after sub-paragraph (g) insert—
“(h)to change the rate at which—
(i)pensions in payment under the scheme are increased, or
(ii)pensions or other benefits payable under the scheme are revalued,
but only where that change would be, or would be likely to be, less generous to members or members of a particular description.”.