Publication

Pension Scheme Amendments – What Happens if There Is No Section 37 Confirmation?

July 2023
Region: Europe
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In the recent High Court case of Virgin Media v NTL Pension Trustees, the judge ruled that amendments to benefits in schemes that were contracted out on the reference scheme test basis between 6 April 1997 and 5 April 2016 are void if they were made without written confirmation from the scheme actuary that the scheme would continue to meet the reference scheme test.