Two pension trustees have appeared in court charged with making illegal loans from a company pension scheme to the scheme employer.
The trustees of the Box Clever Group Pension Scheme made a "perfectly reasonable and right" decision to delay triggering a Pension Protection Fund (PPF) assessment period, the Upper Tribunal has heard.
Entering a Pension Protection Fund (PPF) assessment when Box Clever went bust would have "jeopardised" its scheme's ability to secure additional sources of funding, the Upper Tribunal has been told.
BT will appeal last month's High Court ruling which barred it from swapping the inflation indexation used for one section of the BT Pension Scheme (BTPS).
Granada and Thorn were consulted on and asked to approve many of the main decisions made within Box Clever Technology (BCT), a former Thorn finance director has told the Upper Tribunal.
The trustees of the Box Clever Group Pension Scheme turned down a number of financial offers in a bid to secure 100% of members' benefits, the scheme's chairman has told the Upper Tribunal.