Section 37 issue – update

Members may be aware from our recent newsletters that there is what is known as a Section 37 issue concerning the interpretation of rules of the NTL Pension Plan that could affect a small group of pensioners. There is now an update on the front page of the Trustees website for the plan at entitled “Important Legal Update”. In summary, following a court hearing in May the Judge recently handed down the first part of her judgement. However, this not a final outcome as Virgin Media have decided to make an appeal. For the full official details please see the update referenced above.

Update: We have now heard that the appeal will be held for a day and a half starting on the 26th June 2024.