Re LPA Umbrella Trust and others

Pension – Pension scheme. The Pensions Regulator brought claims against the five defendants, contending that schemes created by them had constituted a misuse or misappropriation of the assets of an occupational or personal pension scheme. The fifth defendant, BW, brought an application seeking to strike out most of the claim. The Chancery Division held that, on the true construction of the relevant legislation, the application would be dismissed.

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