A recent ruling on the IMG case underlines the perils for employers trying to counteract their growing pension burden. Arron Slocombe reports on the issues when moving away from defined benefit schemes
Companies and trustees of final salary pension schemes are scrutinising a plethora of risk management options – and the courts are, too. A recent case – where a switch from final salary to money purchase was ruled substantially invalid some 18 years after the event – highlights the need for diligence.
