The High Court hearing into the legal status of nine suspected liberation schemes has been adjourned until the autumn, The Pensions Regulator (TPR) has confirmed.
Dalriada Trustees and Pi Consulting are seeking a ruling on whether the vehicles in question are occupational pension schemes, having been appointed independent trustees of the schemes by TPR. The outcome of the ruling will determine the legality of transfers into such schemes and the action that can be taken against them subsequently. It will also serve as a test for TPR's powers in tackling liberation activity. Following two days of submissions from Pi Consulting and Dalriada, the hearing has now been adjourned until the next court term due to scheduling. TPR will submit its full re...
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