Plumbing Pensions faces a watershed moment after a governance review and strong valuation, says trustee chairman Jon Bridger.
The trustees of the £2bn Plumbing and Mechanical Services (UK) Industry Pension Scheme are seeking court approval to use scheme funds in potential upcoming legal battles.
Plumbing pensions trustees are "failing in their duty" to provide participating employers with the information they need to prepare for onerous section 75 debts, the Plumbing Employers Action Group (PEAG) says.