The Occupational Pensions (Revaluation) Order 2007 (SI 2007/3369) has been laid before Parliament. The order is made under paragraph 2(1) of Schedule 3 to the Pension Schemes Act 1993 (PSA 1993) and specifies the "revaluation percentages" required for deferred pensions in occupational pension schemes (excluding guaranteed minimum pensions).

Under section 83 of the PSA 1993, deferred pensions accrued by members of occupational schemes whose pensionable service ends after 1 January 1986 must be revalued on one of the four statutory bases. In final salary schemes, the relevant revaluation basis is known as limited price indexation and is set out in paragraphs 1 and 2 to Schedule 3 to the PSA 1993. The Secretary of State for Work and Pensions is required to specify a "revaluation percentage" each year, namely the lesser of the increase in the retail prices index in the previous year and 5% compound. For 2007, the relevant percentage is 3.9%. The order comes into force on 1 January 2008.

See The Occupational Pensions (Revaluation) Order 2007.