High Court ruling establishes certainty for members of underfunded pension schemes on company insolvency, says expert – OUT-LAW.com
“It would be ‘unprincipled’ to allow administrators of an insolvent company to use money ring-fenced for the purposes of its underfunded pension scheme to settle their debt to the scheme’s trustees, the High Court has ruled.”
OUT-LAW.com, 2nd August 2013
Source: www.out-law.com