Court dismisses appeal against £40m pensions top-up for Granada directors

James Phillips
clock • 2 min read

The Court of Appeal has upheld a High Court decision to allow four former directors of Granada Group to receive £40m pensions without shareholder approval.

Granada had hoped to remove an unfunded top-up pension promise - made under a secured unfunded retirement benefit scheme (SUURBS) - granted to directors including former boss Charles Allen.  The...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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