Gleeds Retirement Benefit Scheme and the £45m mistake

Naomi Rainey looks at the arguments in the High Court ruling

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The facts of the recent High Court case involving the Gleeds Retirement Benefit Scheme may seem trivial, but their implication is anything but.

The scheme, set up in 1974 and formally established by deeds in 1979, made several changes to its generous final salary scheme from its inception to 2010. Like many employers, its sponsors - sub...

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