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A B C D E F G H I J K L M N O P R S T V W Y

Scheme redesign

Scheme redesign

Pension schemes need to adapt over time, in response to changes in the law, the needs of the employer and the members and to ensure that the benefits promised under the scheme remain affordable.  This can affect money purchase schemes as much as final salary-type schemes.

These changes must be reflected in the scheme’s deed and rules, member booklet and, often, other communications to members.  Getting these right is essential, as even innocent errors can have major and long-lasting effects.

 

Useful Downloads

Pensions Leaflet