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Worth Noting by Andrew Houghton

Andrew Houghton has highlighted a recent interesting case which may be of particular interest to students studying for AF1 or JO2 as well as those taking AF7, AF8, PETR or PTPA.

This ruling will have significant ramifications for pension scheme trustees contemplating using powers set out in the scheme rules going forwards. On the face of it, trustees are now going to have to not only consider whether their actions are consistent with the scheme rules, but make a grey area judgement on whether they constitute improper exercise of a power so granted. You can read more about it by clicking on the link below:

http://www.wilberforce.co.uk/british-airways-plc-v-airways-pension-scheme-trustee-ltd-court-appeal-rule-favour-ba-overturn-decision-morgan-j-british-airways-pension-scheme-litigation/

Andrew has also recently published an article on this (which you can click on below) and this goes into much more detail.

Good faith and then some (1)Andrew

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