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...
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
