The Industrial Cases Reports
[2010] ICR 921
Court of Appeal
Bridge Trustees Ltd v Yates and others (Secretary of State for Work and Pensions intervening)
[2010] EWCA Civ 179
2009 June 9,
10,
11;
2010 March 4
Mummery, Wilson, Rimer LJJ
Trusts— Pension scheme— Underprovision— Salary related scheme restructured to provide benefits related to members’ contributions and matching credits from employer— Whether benefits attributable to employer’s credits “derived from” member’s voluntary contributions— Whether money purchase benefits— Whether features of scheme precluding benefits from being money purchase benefits—
Pension Schemes Act 1993 (c 48), s 181(1)
—
Pensions Act 1995 (c 26), s 73
—
Occupational Pension Schemes (Winding up) Regulations 1996 (SI 1996/3126 ), reg 13