IBM High Court case: Waltz fails to impress judge

Naomi Rainey looks at the latest in the fight over DB closures

clock

The long-running dispute between IBM UK and its defined benefit (DB) members moved another step forward this week.

The High Court ruled the British subsidiary of the multinational computing firm had breached its duty of good faith to some 5,000 members by closing its DB schemes to accrual and imposing a restric...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

TPR publishes intervention report on Northern Foods Pension Scheme

TPR publishes intervention report on Northern Foods Pension Scheme

Package includes sponsor swap and £300m of contributions paid into scheme

Jonathan Stapleton
clock 04 December 2025 • 2 min read
Industry unites to call for timing alignment on retirement CDC

Industry unites to call for timing alignment on retirement CDC

ACA, APPT and SPP among those pressing for alignment with launch of guided retirement

Jonathan Stapleton
clock 03 December 2025 • 2 min read
Budget 25: HMRC announces modifications to incoming IHT regime

Budget 25: HMRC announces modifications to incoming IHT regime

Industry welcomes change but warns blocking powers for executors could cause delays

Jonathan Stapleton
clock 27 November 2025 • 2 min read
Trustpilot