PensionsMonday 14 August 2023
On 28 July 2023, Mr Justice Adam Johnson handed down judgment in British Broadcasting Corporation v BBC Pension Trust Ltd [2023] EWHC 1965 (Ch).
Michael Tennet KC and Edward Sawyer acted for the BBC, instructed by PricewaterhouseCoopers LLP.
Brian Green KC and Joseph Steadman acted for the Trustee, instructed by Slaughter and May.
The Court considered the scope of a fetter on the scheme amendment power in the BBC pension scheme and found that it prevented the power from being used to change future service benefits and/or member contributions for Active Members unless certain conditions were satisfied. However, the Court accepted the BBC’s submission that if the specified conditions were satisfied, then the use of the scheme amendment power in that way would not involve a breach of the proper purpose doctrine.
Further details are available in a case note written by Joseph Steadman, first published on pensionsbarrister.com, available to read here: Fetters on pension scheme amendment powers.
People to view:
External Conferences
Thursday 10 October 2024
The Caledonian Club, London
Speakers:
Michael Tennet KC
News
We are delighted to announce that Wilberforce has been shortlisted in three different categories at the Chambers UK Bar Awards 2024. Real Estate Set of the Year Chancery Silk of the Year – Brian Green KC Tax Silk of the... Read more
Friday 23 August 2024
View more
Recent Cases
Pensions
Jennifer Seaman
Thursday 25 July 2024
Articles
Article by: Joseph Steadman 1. On 9 July 2024, the Court of Appeal handed down judgment in an appeal concerning the limits on a power to make alterations in the BBC Pension Scheme (the “Scheme”). The appeal was dismissed, and... Read more
By Brian Green KC | Michael Tennet KC | Edward Sawyer | Joseph Steadman
Thursday 18 July 2024
