M
Member
Speaking in the House of Commons on 3 December 2025
Debate
Pension Schemes BillContribution
The amendment applies where the trustees of managers of an NI scheme, after deciding that an alteration is void for non-compliance with regulation 42(2)(a) and (b), take any step in relation to the administration of the scheme that has (or will have) the effect of altering payments to beneficiaries. The amendment secures that such a step will only be “positive action” (for the purposes of subsection (6)(c)) if they notify beneficiaries that they are taking or have taken the step. Where that happens, the alteration in question is not a potentially remediable alteration and so is ineligible for retrospective validation under clause 101 or 102.
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