01/10 Protecting the Pension Protection Fund - Caselaw update

Pensions law watch

November 09's Judgment in Independent Trustee Services Ltd v Hope & Ors (the Ilford case) uses established trust-law principles to outlaw a novel device, designed to get around the statutory limits on PPF compensation.  What does this mean for the trustees' duties in a broader context?  In this issue we look at the proposal and background to it, the Judgment and the implications for trustees.

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