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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Jeremy Hunt made the pot for life announcement as part of today's Autumn Statement

'A sea-change in workplace pension provision' - reaction to pot for life proposals

Industry says reforms raised questions for employers and needed careful consideration

Jonathan Stapleton
clock 22 November 2023 • 5 min read
Copyright HM Treasury

Autumn Statement 23: The pension announcements in full

What we know so far on a day of seismic change for the pension industry

Jonathan Stapleton
clock 22 November 2023 • 6 min read
Autumn Statement 23: LTA abolition remains on target for April 2024

Autumn Statement 23: LTA abolition remains on target for April 2024

Autumn Statement documents confirm LTA abolition on track

Jenna Brown
clock 22 November 2023 • 1 min read
Trustpilot