Three recent significant pension decisions highlight some key issues where pension schemes changes are being made
The much awaited decision in the IBM case (IBM United Kingdom Holdings Ltd v Dalgleish and others  EWHC 980 [Ch]) was delivered in the High Court shortly before Easter and found that the employer had acted contrary to its duty of good faith when closing certain of its final salary pension arrangements to future accrual. The case is an important articulation of what that duty of good faith means in terms of employer behaviour and also explores other important areas that employers should be aware of — e.g. what does consultation mean in a pensions context?
Shortly after, judgment was delivered in the High Court in the second case (Christopher James Briggs v Gleeds (Head Office) (a firm)  EWHC 1178 [Ch]), which relates to the defective execution of certain pension scheme deeds by an employer (a partnership), which rendered ineffective the purported changes under those deeds…
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