Section 67F — Pensions Act 2004: The reporting requirement

The reporting requirement 67F 1 For the purposes of section 67(2)(c), the reporting requirement is satisfied in relation to the exercise of a power to which the subsisting rights provisions apply to make a regulated modification if the trustees have, in accordance with subsection (2)—

a notified each affected member in whose case the consent requirements apply in respect of the modification, and b taken all reasonable steps to notify each affected member in whose case the actuarial equivalence requirements apply in respect of the modification, that they have made a determination, or given their consent, for the purposes of section 67E(1) in relation to the exercise of the power to make the modification.

2 The trustees must give (or, where the actuarial equivalence requirements apply, take all reasonable steps to give) the notification—

a within a reasonable period beginning with the date of the determination or giving of consent mentioned in subsection (1),

and b before the date on which the modification takes effect.