From The Pensions Regulator:
The Government has announced that it is consulting on proposals for the Pensions Regulator to issue fines over breach of consultation requirements. The regulator would therefore like to remind employers of their
Pensions Regulator strategic development director Bill Galvin said: “Members have a right to voice their opinions on changes to their pension scheme. The consultation process need not be onerous and we expect employers to carry this out, where practical, and to listen to member responses before any final decisions are made. This will enable members affected to understand the implications for them, and why the proposal has been made.”
Employers should allow an appropriate time for members to respond, taking into account member views prior to any changes being made. There should be no coercion or inducement – employees should not be made to feel that the proposals will be implemented…
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