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Court of Appeal judgment closes the door on retrospective closure of the Barber window (except in very limited circumstances)
The Court of Appeal has handed down its judgment in the case of Safeway v Newton which confirms that the introduction of section 62 of the Pensions Act 1995 was sufficient to close the Barber window of the Safeway Pension Scheme retrospectively with effect from 1 January 1996.
The Court of Appeal has handed down its judgment in the case of Safeway v Newton which confirms that the introduction of section 62 of the Pensions Act 1995 was sufficient to close the Barber window of the Safeway Pension Scheme retrospectively with effect from 1 January 1996. However, the judgment is of limited application and so appears to have closed the door on retrospective closure of the Barber window to all but a small number of pension schemes.
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