The Trustee that runs the Scheme, Plumbing Pensions (U.K.) Ltd, has submitted a petition to the Court of Session in Edinburgh to seek directions. The Trustee has no funds of its own so it needs to know whether it can rely on the indemnity clause in the Scheme’s Rules to use Scheme funds for section 75 employer debt matters.
Section 75 employer debt legislation is complicated. The Trustee is doing the responsible thing by checking whether it can continue to use Scheme funds for section 75 employer debt matters.
You can find a copy of the explanatory statement, the petition and any orders made by the Court here. We will issue further news updates when we have more information.
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