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Diversity

Responsibilities of Firm

Chart showing the distribution of responsibilities within the firm

Ownership

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Age Group

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Gender

Chart showing the gender distribution within the firm

Disability

Chart showing information about disability across the firm

Ethnic Group

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University Attendance

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Carer

Chart showing the number of firm members who are carers for children under 18

Articles

AON Pension Trustees Ltd v MCP Pension Trustees Limited [2010] EWCA Civ 377

This case is important on two levels. From a practical perspective, it is a stark reminder to all trustees of the importance of keeping accurate and up-to-date records of their beneficiaries. Equally the case shows how vital it can be to take out insurance on the winding-up of a trust.

From a technical perspective, the case is important because it confirms, for the first time, that the protection afforded by section 27 of the Trustee Act 1925 can be extended to trustees of pension schemes. However, trustees cannot rely on the s27 protection when they have already had ‘notice’ of a claim. The judgment examines what constitutes notice for these purposes.

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