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16 Jul 2020

Court of Appeal judgment closes the door on retrospective closure of the Barber window (except in very limited circumstances)

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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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