Principal - College of Further Education
Reversing Trustee Decisions
Trustees have on occasion relied on the “Hastings Bass” rule to unwind decisions that subsequently transpire to have unintended consequences. The scope to do so has been narrowed by the recent Supreme Court judgments in the jointly heard cases of Futter and another v HMRC and Pitt and another v HMRC.
EU Solvency Rules dropped
The European Commission has announced that it is dropping its plans for a new funding regime for pension schemes.