Member

For example, there is the importance of a mechanistic approach to valuations and adjustment of benefits and the requirements for ongoing monitoring of the effectiveness of communication. These draft regulations reproduce these things while taking new approaches to those things already mentioned, such as the more flexible approach to the cost of accruing benefits where the membership is more diverse and where competing commercial interests come into play. The noble Viscount will understand that this is a fundamental difference between a single employer scheme and an unconnected multiple employer scheme.