Pensioner members of the Prudential Staff Pension Scheme were defeated last week when the High Court ruled in favour of their former employer, the Prudential Assurance Society, saying it was neither "irrational or perverse" for it to have capped discretionary pension increases in 2005.
Members argued Prudential was not acting in good faith by springing the 2.5% cap upon them with no forewarning after decades of receiving discretionary increases in line with RPI. However, lawye...
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