As we have previously noted, the sections of the Pensions Act 2008 providing for reduction of the cap on revaluation of deferred benefits from 5 to 2½ per cent will come into force on 6 April 2009 and will apply to benefits accrued from that date (see our December 2008 briefing). That deadline is now looming, so trustees and employers of defined benefit schemes should now be considering urgently whether they need to amend their scheme rules, either to adopt the new cap or to ensure that they do not inadvertently adopt it where they do not wish to. It has been reported that the DWP has confirmed that changing the revaluation cap is not a "listed change" triggering the requirement for employer consultation with members. This agrees with our own view: see our briefing.