Regulation  

Legal ruling strengthens TPR’s stance on liberation

High Court judge Mr Justice Morgan ruled on Monday that nine pension schemes, which had been put under legal scrutiny in July, could be classed as occupational pension schemes under the Pension Schemes Act 1993.

In a 28-page judgement, the Judge said: “In the end, I have concluded that the purpose of the scheme as expressed in the language of the scheme, satisfies the purpose test in the definition of occupational pension scheme.”

The clarification of eight schemes that are managed by Dalriada Trustees and one by by Pi Consulting, means that the Pensions Regulator has the capacity to appoint independent trustees to oversee dubious schemes.

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