A High Court judge has ruled in favour of an underfunded scheme whose insolvent sponsor hoped to offset £2m in payments against its outstanding debt.
Kaupthing, Singer & Friedlander, a UK subsidiary of failed Icelandic bank Kaupthing, had sought to have the funds included as payments towards the deficit still owed to the scheme. The fund, whi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
