Virgin Media legislation 'pivotal' but trustees must use skilled judgement

PMI says ruling offers relief, but accountability and scrutiny remain essential

Holly Roach
clock • 1 min read
PMI policy and public affairs working group members Joe Moore and Julia Yates
Image:

PMI policy and public affairs working group members Joe Moore and Julia Yates

Legislation brought in following the Virgin Media ruling marks a “pivotal moment” for defined benefit (DB) sponsors and auditors, but schemes must use skilled judgement to apply it, the Pensions Management Institute (PMI) says.

A blog co-authored by PMI policy and public affairs working group members Joe Moore and Julia Yates highlighted while the ruling offers relief for the industry, both accountability and scrutiny rem...

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