Members of Prudential's defined benefit scheme had their challenge over the legality of discretionary benefit increases heard in the High Court over the past few weeks.
The dispute surrounds a policy change made by the insurer to its DB scheme in 2005 - which trustees were notified of in March 2006 - that capped discretionary increases in line with RPI, limited to...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
