Danks & Ors v Qinetiq Holdings Ltd & Anor [2012] EWHC 570 (Ch) (14 March 2012)

Danks & Ors v Qinetiq Holdings Ltd & Anor [2012] EWHC 570 (Ch) (14 March 2012)

Members do not have an entitlement to increases at RPI until the calculation is made; Trustees retain power to select the index, so a change to CPI before calculation is not a detrimental modification under sections 67 to 67I PA 1995.

Citation
[2012] EWHC 570 (Ch)
Parties
Claimant: Caroline Linda Ann Danks; Claimant: Andrew Paul Crooks; Claimant: Gary Whiteside; Claimant: Carolan Dobson; Claimant: Gary Lee Johnson; Claimant: Christopher Noel Hutchings; Claimant: Sarah Louise Kenny; Claimant: Catherine Ann O'Carroll; Defendant: QinetiQ Holdings Limited; Defendant: Martin Shaun Pocock
Jurisdiction
England and Wales
Judgment Date
14 March 2012
Procedural Posture
Part 8 Claim / Trial
Outcome
Claim dismissed
Legal Topics
Modification of Pension Schemes, Subsisting Rights, Indexation of Benefits, Statutory Interpretation, Representative Proceedings
Pensions Trusts Employment Modification of Pension Schemes Subsisting Rights Indexation of Benefits Statutory Interpretation Representative Proceedings

Case Brief

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Parties

Caroline Linda Ann Danks

Claimant

Andrew Paul Crooks

Claimant

Gary Whiteside

Claimant

Carolan Dobson

Claimant

Gary Lee Johnson

Claimant

Christopher Noel Hutchings

Claimant

Sarah Louise Kenny

Claimant

Catherine Ann O'Carroll

Claimant

QinetiQ Holdings Limited

Defendant

Martin Shaun Pocock

Defendant

Procedural Posture

Part 8 Claim / Trial

Legal Issues

  1. 1 Whether Trustees' selection of CPI instead of RPI as cost of living index is a detrimental modification under sections 67 to 67I of the Pensions Act 1995
  2. 2 Whether Trustees can apply different indices for different purposes or periods under the Scheme
  3. 3 Whether Mr Pocock should be appointed as representative beneficiary

Ratio Decidendi

Members do not have an entitlement to increases at RPI until the calculation is made; Trustees retain power to select the index, so a change to CPI before calculation is not a detrimental modification under sections 67 to 67I PA 1995.

Court Disposition

Claim dismissed

Orders

  • Trustees' selection of CPI in place of RPI is not a detrimental modification under sections 67 to 67I PA 1995
  • Trustees may apply different indices for different purposes or periods under the Scheme