UK - A windfall of £300m could befall the pensions industry if a case against HM Revenue & Customs over VAT payments is successful.
Joanne Segars, chief executive, NAPF, said: "After last year's ECJ judgement there is a strong case that defined benefit occupational pension funds should be exempt from paying VAT on investment management services."
A successful challenge could see three years of backdated VAT reimbursed to the pensions sector worth £300m.
The industry would also no longer face an annual £100m VAT bill.
A recent House of Lords judgement would also allow pension funds to claim VAT charges from 1990 to1996.
Segars continued: "Ultimately, a successful outcome would benefit members in both open and closed defined benefit schemes. It would reduce running costs and increase the available money for investment."
The NAPF has encouraged pension funds to discuss possible future or previously rejected claims with their investment managers and stand behind this appeal.
The £8bn WCIF is a multi-employer scheme covering Ford Motor Company Ltd, Jaguar Cars Ltd and Land Rover.
In January, a court ruling from HM Revenues & Customs meant trustees of pension schemes whose company sponsors have ceased trading should now be able to claim VAT on incurred expenses following a court ruling.
Previously, trustees were not able to claim VAT unless the company was solvent.
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