Konica Minolta – the latest court guidance on correcting errors in pension scheme documents

How readily should courts correct errors in pension documents which have been signed off by trustees and employers?

In Konica Minolta Business Solutions (UK) Pension Plan v Applegate & Ors the High Court, taking a practical approach, granted summary judgment for rectification of an occupational pension scheme’s rules.

A drafting error in the Plan rules meant that deferred members who had transferred into the Plan on a scheme merger were entitled to higher pensions than they should have been. The parties had intended the rules to replicate the benefits payable to those members under the transferring scheme.

Wragge & Co’s pensions experts analyse the case and its implications.

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About truelabour

Investigative Journalist/Researcher for major media. Exposing the truth and police corruption with in UK police service.Certain forces say their motto is Honesty & Integrity One must ask is it lip service or genuinely meant. CO-OP Labour Party member questioning is the party standing for working class of Britain. Trade Union Activist & promoting diversity,community cohesion within multicultural Britain. Anti fascist speaks out against all foams of discrimination.
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