A BBC pensions case earlier this year considered the power of amendment, in particular the term ‘interest’. Dipti Hunter & Alex Akin explain the details
- The Court of Appeal recently reviewed the amendment power in a BBC pension case, confirming the decision of the High Court that future service benefits are protected.
- Those hoping for a more liberal approach to interpretation may be disappointed, but the Court of Appeal confirmed an ‘even-handed’ approach is required.
As pension benefits become harder to manage for stakeholders, companies and trustees are continually looking at how they manage the potential demands on their pension schemes. The judgment in British Broadcasting Corp v BBC Pension Trust Ltd and another [2024] EWCA Civ 767, [2024] All ER (D) 54 (Jul) was handed down earlier this year, part of a trend of pension schemes being sold to insurance underwriters so that employers may release themselves from overly burdensome schemes. Pensions litigation quite often comes with a great deal of history attached and this case was no different. The scheme in question dated back to
