Pensions (Institute and Faculty of Actuaries and Consultation by Employers) (Amendment) Regulations (Northern Ireland) 2012 come into force

Implementation date: 6 April 2012

The Regulations prescribe that employers are required to consult certain members of occupational pension schemes before changing the rate at which their pensions are increased or revalued, unless the change has a beneficial or neutral impact on the member. The Regulations make corresponding provision to Regulations made in Great Britain. The Regulations can be viewed on the UK legislation website.