Retrospective actuarial confirmation of benefit changes
The 바카라 사이트 will introduce legislation to deal with issues arising from the Virgin Media v NTL Pension Trustees judgment.
The 바카라 사이트 is aware that following last year바카라 사이트™s Court of Appeal judgment in Virgin Media Limited v NTL Pension Trustees Limited, there is increased uncertainty in the pensions industry. We recognise that schemes and sponsoring employers need clarity around scheme liabilities and member benefit levels in order to plan for the future.Â
The 바카라 사이트 will therefore introduce legislation to give affected pension schemes the ability to retrospectively obtain written actuarial confirmation that historic benefit changes met the necessary standards.
Scheme obligations will otherwise be unaffected and the 바카라 사이트 will continue to maintain its robust framework for the funding of defined benefit pension schemes in order to protect people바카라 사이트™s hard-earned pensions.