Questions have arisen regarding the legality of pension scheme trustees being able to sign away their members' guaranteed annuity rates by voting in favour of the compromise deal.
Law firm Linklaters feel that pension scheme trustees are unable to sign away members' rights by voting in favour of the compromise deal, leaving their entitlement to guaranteed annuity rates in place.
However, Equitable appear to be unconcerned, stating that there are provisions in the compromise deal to protect against legal challenge.
We will post any further news on this subject but please feel free to send us your comments and questions.
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