Image:
Chris Edwards-Earl: The Court of Appeal unanimously reversed the High Court's earlier judgment
In a judgment handed down at the end of last year, The Court of Appeal has held, in a case where creditors were seeking a lump sum drawdown from a member's pension pot, that the trustees of the occupational pension fund were not required to arrange for funds to be made available to the creditors, nor was the defaulting member required to ask the trustees to do so.
The Court of Appeal thereby overturned the High Court's judgment at first instance, as well as another judgment made only two years ago. In this case, Mr White owned a company which went insolve...
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
