Pension scheme deficits increased further by latest High Court decision?

• Author:
• Bond Pearce Employment Team

The High Court's latest ruling on the increasingly complex issue of pensions equalisation in Foster Wheeler Limited v. Hanley and Ors (2008) may increase funding liabilities for pension schemes by effectively overriding any consent requirement in early retirement rules and denying schemes the ability to pay split pension benefits retrospectively.

The decision, which favoured the members of the Scheme (and who were represented by Bond Pearce), allows the entire pension, including any pension... (618 more words)

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