I am a member of a defined benefit pension scheme. The trustees of the scheme are changing some of the rules: -
1. New requirement to pay 5% of basic salary for existing members.
2. The scheme is closed to all new entrants.
Can the trustees do this ? and if so, do they require the consent of the members ?
1. New requirement to pay 5% of basic salary for existing members.
2. The scheme is closed to all new entrants.
Can the trustees do this ? and if so, do they require the consent of the members ?