Part 5Occupational and personal pension schemes: miscellaneous provisions
Consultation by employers
I1C1259Consultation by employers: occupational pension schemes
1
Regulations may require any prescribed person who is the employer in relation to an occupational pension scheme and who—
a
proposes to make a prescribed decision in relation to the scheme, or
b
has been notified by the trustees or managers of the scheme that they propose to make a prescribed decision in relation to the scheme,
to consult prescribed persons in the prescribed manner before the decision is made.
2
Regulations may require the trustees or managers of an occupational pension scheme not to make a prescribed decision in relation to the scheme unless—
a
they have notified the employer of the proposed decision, and
b
they are satisfied that the employer has undertaken any consultation required by virtue of subsection (1).
3
The validity of any decision made in relation to an occupational pension scheme is not affected by any failure to comply with regulations under this section.
4
Section 261 contains further provisions about regulations under this section.