Forfeiture, limitation and interest after Axminster

Ian Gordon sets out what the recent Axminster case means for trustees when dealing with arrears

clock • 7 min read

In the landmark Lloyds case Justice Morgan concluded that scheme rules he had to consider permitted or required trustees to forfeit arrears due to beneficiaries.

Recently, he gave judgment in a case involving the Axminster Carpets Group Retirement Benefits plan -Punter Southall Governance Services Limited v Jonathan Hazlett(as a representative defendant) - ...

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

Revolutionising pensions - everything everywhere all at once?

Revolutionising pensions - everything everywhere all at once?

Helen Ball looks at balancing today’s pensions issues with tomorrow’s bigger picture

Helen Ball
clock 12 January 2026 • 5 min read
Industry backs PPF levy reduction but raises concern over superfund exemption

Industry backs PPF levy reduction but raises concern over superfund exemption

Decision to reduce levy to zero makes sense, but same logic should apply for superfunds

Jonathan Stapleton
clock 05 January 2026 • 3 min read
FCA transfer proposals 'a big step forward' for savers

FCA transfer proposals 'a big step forward' for savers

But People’s Pension disappointed FCA did not recommend a ban on transfer incentives

Jonathan Stapleton
clock 12 December 2025 • 3 min read
Trustpilot