The compensation caps applied by the Pension Protection Fund (PPF) have been deemed age discriminatory by the High Court in another slap down of the lifeboat regime.
A judicial review of the policy declared that applying the compensation cap for those under normal pension age "gave rise to unlawful discrimination on the grounds of age". In a summary of the judgment, the High Court said Mr Justice Lewis held that differential treatment between those above and below normal pension age was "not objectively justifiable". The case follows a claim by 25 claimants from the four pension schemes of BMI, Monarch, Heath Lambert Group, and Turner & Newall. The consequence is that benefits will likely be lifted. In one example, Mr Hughes had seen a 75% redu...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes