Engineering Construction Industry Training Board v Swift and others

Pension – Pension scheme. The Chancery Division, in allowing the claimant's claim, held that defined benefit and defined contribution sections of an occupational pension scheme were not sections of a segregated scheme for the purpose of reg 8 of the Occupational Pension Schemes (Employer Debt) Regulations 2005, SI 2005/678. Accordingly, the statutory payment obligation in s 75 of the Pensions Act 1995, concerning liability for deficiencies in the assets, would not be triggered.

Category: