The Industrial Cases Reports
[2010] ICR 153
Court of Appeal
Eastearly Ltd
v
Headway plc
[2009] EWCA Civ 793
2009 May 13;
July 10; 23
July 10; 23
Lord Neuberger of Abbotsbury, Stanley Burnton, Aikens LJJ
Trusts— Pension scheme— Winding up— Scheme with guaranteed minimum pensions in deficit on winding up— Trustee proposing to complete preliminary partial buy-out using assets before quantifying statutory debt due from employer— Sum then recovered to be applied in purchasing further annuities— Whether statutory provisions and scheme precluding partial buy-out of guaranteed minimum pensions—
Pension Schemes Act 1993 (c 48), s 19
—
Pensions Act 1995 (c 26), s 75
—
Occupational Pension Schemes (Discharge of Liability) Regulations 1997
(SI 1997/784), reg 5
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