Coats UK Pension Scheme Trustees Ltd v Styles and others

Pension – Pension scheme. The trustee of the Coats UK Pension Scheme succeeded, in part, on its appeal against decisions of the Deputy Pensions Ombudsman, concerning the annual rate of increase which ought to have been applied to the respondents' pension payments since 4 February 2008. The Chancery Division allowed the appeal on the basis that, contrary to the Deputy Pensions Ombudsman's conclusion, the respondents were not entitled to annual increases of 5%, with effect from 4 February 2008, because that was contrary to r 17.6 of the 2004 Rules governing the scheme, as modified by a 2008 trust deed, which had been validly made pursuant to s 68 of the Pensions Act 1995.

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