Court of Appeal wipes out Hastings Bass ruling
A ruling that trustees have relied on to unwind decisions without formal rectification since 1975 has been swept away by the Court of Appeal.
The trust law decision, Hastings Bass, used in numerous High Court pensions cases, was described by the overturning judge as "the law taking a seriously wrong turn". Hastings Bass was used by trustees...
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Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?