Mistakes in Pension Scheme Rules

Introduction

The rules of pension schemes are often complicated, voluminous and have undergone many changes over a number of years.

Given the sometimes-strict approach the law takes to formalities when it comes to pension rules, it is perhaps not surprising when (actual or potential) mistakes are identified.

Sometimes the mistakes are insignificant and have no impact on the administration of the scheme. However, on other occasions the mistakes are potentially significant, and action needs to be considered to try to correct the mistakes or at least mitigate their consequences.

What You Will Learn

This webinar will cover the following:

• The kinds of mistakes that may occur in pension scheme documentation, including:
• Ambiguities or inaccuracies in the wording of the rules
• Omissions or defects in the execution of scheme documentation
• Failures to comply with the scheme’s amendment power when implementing rule changes
• Failures to comply with other formalities to make an effective rule change
• The methods by which such mistakes may be addressed or their impact mitigated in a cost-effective, practical, and legally robust manner, without recourse to the courts
• Where court intervention is necessary, the judicial mechanisms available to correct mistakes and their consequences, including an overview of recent developments in this area
• The steps employers and trustees should take to seek redress in respect of the financial consequences arising from mistakes

This pre-recorded webinar will be available to view from Wednesday 10th June 2026

Alternatively, you can gain access to this webinar and 2,101 others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.