header-logo header-logo

Pensions—Pension schemes—Company pension schemes

29 March 2012
Issue: 7507 / Categories: Case law , Law reports , In Court
printer mail-detail

BEST Trustees plc (as Trustee of the Singer & Friedlander Ltd Pension & Assurance Scheme) v Kaupthing Singer & Friedlander Ltd (in administration) [2012] EWHC 629 (Ch), [2012] All ER (D) 140 (Mar)

 

Chancery Division, Sales J, 16 Mar 2012
 
On the proper construction of reg 5 of the Occupational Pension Schemes (Employer Debt) Regulations 2005 (SI 2005/678) (the 2005 Regulations), the time as at which the liabilities of a scheme are to be valued is the same time as the time at which the assets of the scheme are to be valued.  

Christopher Nugee QC (instructed by Pinsent Masons LLP) for the trustee. Jonathon Hilliard (instructed by Freshfields Bruckhaus Deringer LLP) for the employer.

The claimant trustee applied for a declaration as to the proper construction of reg 5 of the 2005 Regulations. The trustee made the application in its capacity as trustee of an occupational pension scheme. 

The point of construction which arose was relevant to working out the amount of a debt owed by the defendant
If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Taylor Rose—nine promotions

Taylor Rose—nine promotions

Leadership strengthened across core practice areas with nine new partners

Fieldfisher—Rebecca Maxwell

Fieldfisher—Rebecca Maxwell

Real estate team welcomes partner inBirmingham

Ward Hadaway—14 trainee solicitors

Ward Hadaway—14 trainee solicitors

Firm strengthens commitment to nurturing future legal talent

NEWS
Government plans for offender ‘restriction zones’ risk creating ‘digital cages’ that blur punishment with surveillance, warns Henrietta Ronson, partner at Corker Binning, in this week's issue of NLJ
Louise Uphill, senior associate at Moore Barlow LLP, dissects the faltering rollout of the Leasehold and Freehold Reform Act 2024 in this week's NLJ
Judgments are ‘worthless without enforcement’, says HHJ Karen Walden-Smith, senior circuit judge and chair of the Civil Justice Council’s enforcement working group. In this week's NLJ, she breaks down the CJC’s April 2025 report, which identified systemic flaws and proposed 39 reforms, from modernising procedures to protecting vulnerable debtors
Writing in NLJ this week, Katherine Harding and Charlotte Finley of Penningtons Manches Cooper examine Standish v Standish [2025] UKSC 26, the Supreme Court ruling that narrowed what counts as matrimonial property, and its potential impact upon claims under the Inheritance (Provision for Family and Dependants) Act 1975
In this week's NLJ, Dr Jon Robins, editor of The Justice Gap and lecturer at Brighton University, reports on a campaign to posthumously exonerate Christine Keeler. 60 years after her perjury conviction, Keeler’s son Seymour Platt has petitioned the king to exercise the royal prerogative of mercy, arguing she was a victim of violence and moral hypocrisy, not deceit. Supported by Felicity Gerry KC, the dossier brands the conviction 'the ultimate in slut-shaming'
back-to-top-scroll