Katharine Swire comments on BT Court of Appeal defeat on RPI challenge in Pensions Expert

Senior associate, Katharine Swire, comments on the Court of Appeal ruling on the BT pension scheme RPI / CPI case, heard on 4 December 2018, stating:

“In rejecting BT’s appeal, Lady Justice Asplin, taking guidance from the recent Barnardo’s case, has reiterated that the precise wording of a scheme’s rules remains the crucial factor. As the interpretation of such rules can only be taken on a case-by-case basis, the judgment is of quite specific application.”

She added: “The Court also confirmed that whether RPI has become inappropriate is ‘an objective state of affairs’. The suitability of the index is, however, likely to remain a hot topic for schemes for some time to come.”

Read the full article in Pensions Expert

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