High Court dismisses challenge to scheme actuary's section 75 calculations | Practical Law
In Gleave and others v Board of the Pension Protection Fund [2008] EWHC 1099 (Ch), the High Court has ruled that the supervisors of company voluntary arrangements approved by the creditors of the Federal Mogul Group cannot challenge certifications of claims arising under section 75 of the Pensions Act 1995 made by the actuary of the T&N pension scheme. The section 75 claims, which related to a funding shortfall in the scheme, arose when 14 companies in the Group withdrew from participation in the scheme in July 2004. The actuary had certified the amounts of the claims in March 2006.