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The High Court ruled that an employer is not obliged to provide reasonable notice to a pension scheme trustee prior to terminating its liability to pay contributions under the provisions of the pension scheme deed. The court found that the scheme documents did not require such notice and that the scheme could operate effectively without it. Consequently, the subsidiary questions regarding the period of reasonable notice and the validity of a notice that fails to provide reasonable notice did not arise.
Pension scheme, trustee, employer, termination of contributions, reasonable notice, Clause 5(4), pension scheme deed, High Court, business efficacy, implied term, funding deficit, annuities, scheme termination, employee benefits, actuarial advice, investment strategy, legal obligations.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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