The High Court has ruled trustees in the Federated Flexiplan case have the discretion to award or withhold any surplus arising in the scheme from members.
Trustees of Flexiplan, a form of final salary scheme which entitled members to a slice of any scheme surpluses, decided to stop paying the top-up to deferred members when the scheme fell into a £20...
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 for 12 months, 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
