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) - ...

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