Recent developments in overpayments

The practice and procedure for dealing with overpayments to members is now well established. Although this issue arises all too frequently, most trustees, pension managers and administrators understand the fundamental principles that apply when approaching members to recover an overpayment and to reduce the pension going forward to the correct level.

However, there has been a recent and important development in the shape of the High Court decision in the case of Webber.

In this briefing Recent Developments In Overpayments (PDF) we start with a brief summary of the general principles that continue to apply to overpayments. In the second part we highlight the impact of the Webber decision which has the potential to restrict a trustee’s ability to recover overpayments.

In this briefing:

  • General principles
  • Recent developments
  • Steps to be taken by a trustee – top tips.