The High Court gave judgment on 14 April in a marathon case between the Prudential and members of its pension scheme over pension increases.
A recent Court of Appeal ruling will make it harder for trustees to unscramble past decisions.
In Michaud v. Forcier, Case No. 09-P-392, 2010 Mass. App. LEXIS 1296 (Oct. 5, 2010), the Appeals Court affirmed a decision of the probate court reforming the schedule of beneficiaries of a nominee trust and ordering the repayment of funds withdrawn from a joint account.
Ronald Lehn was employed at a General Electric Company facility in Ottawa, Illinois and participated in the company's retirement plan.
This case was heard in the Court of Session in Scotland and, like the previous English case of Independent Trustees Services Ltd v Knell, involved equalisation of normal retirement dates for men and women under the scheme rules.
Given the need to reduce costs, outsourcing to non-UK locations has become commonplace in the field of pensions administration.
In Norwich City College of Further and Higher Education v McQuillan and anr, the college wanted to redevelop its campus.
Any person advising shareholders of private corporations needs to pay careful heed to the Ontario Court of Appeal decision in Frye v. Frye which makes it clear that clauses in Letters Patent and shareholder agreements restricting share transfers do not prevent shareholders bequeathing their shares in a manner inconsistent with those documents.