Compromise approved in Places for People case

The long-running saga involving the Places for People Group Retirement Benefit Scheme has finally come to an end with the High Court this afternoon approving a compromise of all the issues relating to the validity and rectification of scheme documents, following a two-day hearing. Although the judgment of Richards J makes no new law, it contains useful summaries of the approach to be taken by the Court in approving a compromise in the pensions context, and of the law on rectification.

A link to the judgment is here. A case note will appear on this website early in the New Year.