Legislative update

Date: September 2023

Certain amendments to contracted-out defined benefit schemes may be void – Virgin Media Ltd v NTL Pension Trustees II Ltd & Ors

This case held that certain amendments made to contracted-out benefits of occupational defined benefit schemes accrued between 1997 and 2016 are void if there was no actuary's confirmation under Section 37 of the Pensions Schemes Act 1993 (PSA93). This case could have potentially far-reaching implications… for the full story, click here