The Pension Protection Fund and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2013

These Regulations clarify one of the eligibility conditions which must be satisfied to enable the postponement of a payment of compensation from the Board of the Pension Protection Fund. They also insert a new provision into the Occupational Pension Schemes (Modification of Schemes) Regulations 2006 (S.I. 2006/759) allowing trustees to modify their scheme rules by way of resolution, for the purposes of altering the amount and timing of a reduction in the rate of a pension provided for under pre-existing scheme rules.