Regulation
UK High Court Equalization Ruling to Burden Pension Trustees
Legal experts expect court decision will add ‘significant difficulties’ for defined benefit trustees and could take years to complete.
Union says ruling prevents 80,000 members from losing average of £24,000 in pension benefits.
Activist group BackTo60 clears first hurdle in bid to decrease eligibility date for benefits.
Decision offers some clarity, but adds confusion for pension trustees collecting overpayments.