Scottish ruling on equalisation could save employers millions

McGrigors said a ‘landmark ruling' in the Scottish courts could save employers thousands of pounds. It said the ruling means Scottish employers, who equalised the retirement age of their employees at 65, may not have to top up their pension schemes - even if the equalisation process did not adhere to the strict letter of the law. The firm, which acted for the employer, said the decision could represent a "significant reprieve for many final salary schemes facing funding shortfalls". McGrigors partner Ian Gordon said the case could have consequences for schemes in England and Wales ...