Key points every employer should remember before changing pension schemes

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A further judgment in relation to the High Court’s significant recent decision in IBM v Dalgleish [2014] has recently been published, ruling on the remedies available to the employees whose future pension benefits and pension options had been unlawfully changed by their employer.  In general, the court ruled that where benefit changes had been judged to be in breach of the employer’s duty of good faith and mutual trust and confidence, the changes could be unravelled.  In other words the employees may be treated as if the changes had not happened.

As employers and trustees in general consider options to reduce liabilities in relation to future DB benefit accrual, it is worth reviewing the key principles from the High Court’s judgment in the case:


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