Pension chaos arising from poor historical pension documentation
30 April 2014
Two cases from April 2014, the Honda Motor Europe Ltd case and the Gleeds case, show the pitfalls of having poor historical pensions documentation.
This has resulted in windfalls for some members, no pension membership for others, and increased pension liabilities for the schemes (and so for the schemes' sponsoring employers) of approximately £45 million in each case.
To read our full article on these cases, please click here.