Scheme member right to be dismissed to prevent £1m pension windfall

clock

A man who was dismissed by his employer to save it from paying up to £1m in enhanced pension benefits has lost his age discrimination case at the High Court.

Nigel Woodcock was set to receive a pension windfall of between £500,000 and £1m if he retired after the age of 50 but his employer, Cumbria Primary Care Trust, timed the redundancy to prevent him ...

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 Legislation

HMRC publishes surplus repayments order

HMRC publishes surplus repayments order

Authorised surplus payment charge to be reduced from 35% to 25% from 6 April

Jasmine Urquhart
clock 11 March 2024 • 1 min read
Industry uncertain about LTA implementation, survey says

Industry uncertain about LTA implementation, survey says

LTA removal sparks concern about implementation, member communications and scheme benefit design

Jasmine Urquhart
clock 09 February 2024 • 2 min read
AMNT backs standardised vote reporting legislation

AMNT backs standardised vote reporting legislation

AMNT backs bill amendment requiring standardised reporting to schemes

Jasmine Urquhart
clock 30 January 2024 • 2 min read
Trustpilot