The Pensions Regulator

Member-nominated trustees and member-nominated directors

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When can the trustees bring an opt-out to an end early?

The trustees can bring the opt-out to an end at any time when certain events occur:

• a relevant bulk transfer of a group of members (without consent);
• an employer ceases to be the employer for the scheme;
• the principal employer is taken over by an employer unconnected to the pension scheme.

If one of these events occurs and the trustees consider that it would not be in the members' interests for the opt-out to continue, they can bring it to an end by writing to the employer.

The date the opt-out ends is six months after the date the trustees write to the employer. This will be the start date for the MNT and MND requirements if it is before 31 October 2007.

If you want to know more about the considerations for trustees of these schemes see Opt-out in place.

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