Detrimental modification | Practical Law

Detrimental modification | Practical Law

Detrimental modification

Detrimental modification

Practical Law UK Glossary 6-205-9953 (Approx. 3 pages)

Glossary

Detrimental modification

In relation to an occupational pension scheme, a variation to the terms of the scheme which would or might adversely affect the subsisting rights of any member (or the surviving spouse, civil partner, child or dependant of the member) is a detrimental modification under section 67 of the Pensions Act 1995.