According to the latest list of proposed amendments to be moved at the House of Lords Committee stage of the Pension Schemes Bill, Baroness Bowles has tabled an amendment to clause 100 of the Bill, which concerns the remedial provisions intended to deal with the Virgin Media decision. The amendment seeks to remove subsections (9) and (10), which exclude from the scope of the remedy amendments which are the subject of existing legal proceedings.   The Committee begins its review of the...

Paul Newman KC looks at the recent High Court approval of a compromise in the long-running saga involving the Places for People Group Retirement Benefit Scheme, which contains a useful explanation of the approach to be taken by the Court in approving the settlement of a complex set of pensions issues.

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...