Regulations have been laid enabling trustees to modify schemes
by resolution, with employer consent, to bring bridging pensions in
line with changing state pension ages (or fix them at a specified
age). They come into force on 1 October 2013.
The provisions apply where, as at 5 April 2010, a scheme
permitted a reduction in pension either on reaching a specified age
between 60 and 65 or at state pension age.
Click here for the regulations.
Where the scheme currently provides for reduction at a specified
age, trustees may modify the scheme to provide for a reduction
"of an equal or differing amount" to take effect at any
time between age 60 and state pension age.
Where the scheme currently provides for reduction at state
pension age, trustees may modify the scheme to provide for a
reduction "of an equal or differing amount" to take
effect at any time between age 60 and 65. Modifications made under
this provision must not affect pensions in payment at the date
