Pensions Update, Spring 2015

19-03-2015

Author: Declan Drislane, Philip Smith, Catherine Austin, Sarah McCague and Katherine Hayes



As we reported last December, the Court of Appeal affirmed the High Court’s Judgment in favour of the trustees in the Omega Pharma case requiring the employers to make contributions to the employees’ defined benefit pension scheme in excess of the statutory minimum funding standard (“MFS”) in circumstances where the scheme was being wound up. Arthur Cox acted for the successful trustees. Last month, the Court of Appeal gave its reasons for this decision and handed down its written judgment. Read the latest update from our Pensions Group here, for further information on this and other news.

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