Court dismisses appeal from pension liberation determination

In November 2024, the Deputy Pensions Ombudsman issued a 768-paragraph determination in which he found the trustees and managers of 3 pension schemes liable for dishonest breaches of duty with regard to the investment of scheme assets as part of a pension liberation exercise. An appeal from that determination has been dismissed by Richards J: Brambles Administration Limited v Harvey. The appeal was on limited grounds, relating to the time limits for bringing complaints, the true status of the schemes, the test for dishonesty, and contributory negligence.

A case note on this judgment will be published shortly. In the meantime, a transcript of the judgment can be found here.