RPSM09101550 - Technical Pages: Member benefits: A secured pension: Scheme pension: Stopping or reducing a scheme pension: Forfeiture of entitlement
Reducing a scheme pension due to forfeiture of entitlement
| [Para 11(6), Sch 10, FA 2005][The Pension Schemes (Reduction in Pension Rates) Regulations 2006 – SI 2006/138] |
Some scheme rules provide that in exceptional circumstances a
member will lose all entitlement to benefits. This may be where the
member attempts to assign those benefits, or defrauds their
employer.
The above Regulations specify the narrow circumstances in
which an entitlement to a
scheme pension can be taken away (so that the
pension stops) under a forfeiture clause and still be an authorised
payment.
| Glossary ( RPSM20000000) |
