KPMG trustees win victory in pension deficit court case

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UK - The trustees of the KPMG Staff Pension scheme have been awarded a comprehensive victory after the Court of Appeal gave its decision that KPMG had a "statutory obligation" to fund the deficit in the scheme.

The city law firm Pinsent Masons acted for the pensioners, following High Court proceedings in July 2004 to establish whether it was a defined contribution or a defined benefit scheme. The Court...

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