DB or not DB?

Amending scheme rules to manage final salary pension scheme liabilities, getting member consent to alter benefits, relying on contractual terms and conditions to override scheme rules and compromising disputes with members: many schemes will recently have had to consider these issues, each of which was considered by the court in the IMG case^[1].

Wragge & Co LLP's pensions experts provide further guidance in light of this decision.

Footnote

[1] In the matter of IMG Pension Plan, HR Trustees Limited and Peter German (1) and International Management Group (UK) Ltd (2)