Beware the implications of your early retirement rule

The consequences of the Barber decision continue to challenge scheme sponsors and trustees. Did A-day and the flexibility to pay split pensions (an argument suggested by a case in 2007 concerning schemes in winding up) offer schemes a means of reducing the size of the Barber liabilities? This and other issues were considered in the case of Foster Wheeler Limited v Hanley (28/11/08), a decision which could have serious implications for many schemes.

Read Wragge & Co's experts analysis of the court's conclusions.