In a recent High Court case (Briggs and others v Gleeds) the judge found that 30 deeds between 1991 and 2008 had not been correctly executed. The scheme’s principal employer was a partnership, and the failure in execution was that the partners’ signatures were not witnessed. The consequences of this failure were significant, as it meant that deeds, including changes relating to sex equalization, the introduction of money purchase sections and the termination of defined benefit accrual, were not effective.
The case (Briggs and others v Gleeds) highlights the importance of ensuring that the legal requirements for the execution of deeds are strictly followed.
A copy of the case can be viewed here.