European Court of Justice decision that pension cap for PPF rescuees illegal - Hampshire v Board of the Pension Protection Fund (C-17/17) [ECJ] 06.09.18 (Unreported)
Reference for a preliminary ruling — Protection of employees in the event of the insolvency of their employer — Directive 2008/94/EC — Article 8 — Supplementary pension schemes — Protection of entitlement to old-age benefits — Minimum level of protection guaranteed. HELD that the UK cap restricting pension payments to members of schemes rescued by the Pension Protection Fund (PPF) to a maximum of £35,106 was illegal.Link to judgment
Pensions row as cap ditched (Times 07.09.18)
Category: Pensions » Insolvency; Pension Protection Fund. Area(s) of law: Employment; Litigation; Pensions; Corporate and Commercial Law.