Related insights: Pensions Litigation

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Private equity investor agrees £25m settlement of Pensions Regulator claim

09 Mar 2021
HIG Group recently agreed a settlement with The Pensions Regulator (tPR) following a challenge to its 2011 pre-pack administration of Silentnight, the UK bed manufacturer. TPR's case was that HIG acquired the employers' bank debt and used its position as lender to bring about the unnecessary insolvency of the employers, then taking steps to buy the employers' business at an undervalue as part of the administration process that followed.

Court of Appeal to examine SIPP provider case

22 Oct 2020
In May, we wrote about the High Court judgment in Adams v Options SIPP UK LLP which offered SIPP providers some comfort that, in circumstances where a loss is suffered by a member and the SIPP provider is acting on an execution only basis, they will not usually be liable for any loss suffered by the investor on investments made through the SIPP, including investments introduced to the member by unregulated providers.
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Government loses age discrimination fight over public sector pensions

08 Jul 2019
On 27 June 2019, the Supreme Court denied the Government’s application to appeal a Court of Appeal ruling that the reforms to judges’ and firefighters’ pension plans were unlawful on the grounds of age discrimination. This decision is likely to have far-reaching effects for other public sector pension plans.
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History cannot be re-written: employer's appeal successful

25 Jun 2019
On Friday 10 May 2019, the Court of Appeal (CA) handed down its judgment in the case of Bic UK Ltd v Burgess. The CA allowed the appeal by BIC UK, unanimously ruling that a retrospective amendment to the deed and rules of the BIC UK Pension Scheme (the Scheme) was invalid.
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GMP Equalisation: where are we now?

01 Apr 2019
With the High Court judgment in Lloyds Banking Group Pensions Trustees Limited v Lloyds Bank plc and others (Lloyds) now several months behind us, this article summarises the developments since the judgment and considers the next steps for trustees and employers of affected pension plans.