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Pensions – Pension scheme. The Chancery Division made a number of declarations regarding a proposed amendment to the rules of an occupational pension scheme. It held that, among other things: (i) the proposal would be allowed; (ii) the pension scheme had not become frozen for the purposes of the Occupational Pension Schemes (Deficiency on Winding Up etc) Regulations 1996, SI 1996/3188 and the Occupational Pension Schemes (Employer Debt) Regulations 2005, SI 2005/678; and (iii) a cassation, under r 4 of the pension scheme, would not qualify as an employment cessation event, so as to trigger s 75 of the Pensions Act 1995.
Pensions – Pension scheme. The Chancery Division made a number of declarations regarding a proposed amendment to the rules of an occupational pension scheme. It held that, among other things: (i) the proposal would be allowed; (ii) the pension scheme had not become frozen for the purposes of the Occupational Pension Schemes (Deficiency on Winding Up etc) Regulations 1996, SI 1996/3188 and the Occupational Pension Schemes (Employer Debt) Regulations 2005, SI 2005/678; and (iii) a cassation, under r 4 of the pension scheme, would not qualify as an employment cessation event, so as to trigger s 75 of the Pensions Act 1995.
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