Dalriada Trustees Ltd v David Alexander Faulds (2011)
Judgment Date: 15 Dec 11
Summary A Pension Reciprocation Plan incorporating a Maximising Pension Value Arrangement, whereby two pension schemes made reciprocal loans of funds to specific members of each other's schemes in order to facilitate access to pension capital prior to retirement, was invalid by virtue of the Finance Act 2004 s.173. The court explained...