gunnercooke Pensions Partner Parminder Latimer is advising Kamco Ltd in seeking more than £265,000 in damages from Plumbing Pensions Trustees.
The summons argues that Plumbing Pensions, the Trustee of the pension scheme, has continued to actively promote the pension fund to prospective employers, despite being aware of mounting problems pertaining to orphan liabilities, and did not inform potential new employers, that they would incur liability for an employer, Section 75 debt should they join the scheme.
Kamco is a plumbing and heating services company based in Hertfordshire and during the time it was a participating employer in the scheme, it paid contributions on behalf of its employees totalling £107,455. In April 2019 Plumbing Pensions estimated it had incurred Section 75 liabilities worth £260,576.
Parminder commented: “We timed our advice to Kamco well and issued the summons in the Scottish courts, days before a date to hear a Petition brought by Plumbing Pension in the Scottish Courts, to obtain a decision on whether PP could use Scheme assets to defend such claims. The Plumbing Pensions debacle is well known in the pensions industry and the Trustee has for too long straddled faultless employers with a huge debts , bringing some long standing family businesses, to their knees, financially and personally, so we’re pleased to be able to offer legal support in this case.”
Parminder Latimer is one of seven Pensions Partners at gunnercooke, making the team one of the largest specialist teams in the UK due to its significant growth in 2020. Parminder has recently been nominated for Lawyer of the Year at the Women in Pensions Awards, and the team shortlisted for Pensions Lawyers of the Year at the UK Pensions Awards.