New Judgment: Houldsworth & Anor v Bridge Trustees Ltd & Ors  UKSC 42
27 Wednesday Jul 2011
On appeal from:  EWCA Civ 179
Considers whether the Court of Appeal was correct to hold that certain benefits provided under the terms of a pension scheme were “money purchase benefits” within the meaning of the Pension Schemes Act 1993, s 181. The Supreme Court, by a 4-1 majority, dismissed the Secretary of State’s appeal on two issues, holding that equilibrium of assets and liabilities is not a requirement of the statutory definition of a money purchase scheme (and similarly for money purchase benefits).