A High Court judge has ruled in favour of an underfunded scheme whose insolvent sponsor hoped to offset £2m in payments against its outstanding debt.
Kaupthing, Singer & Friedlander, a UK subsidiary of failed Icelandic bank Kaupthing, had sought to have the funds included as payments towards the deficit still owed to the scheme. The fund, whi...
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