Pension Loss as a Head of Damage: No Longer to be “TBA”? - Dick Petrie, Frenkel Topping Ltd
19/11/12. The historical situation that has existed for PI Claimant lawyers is that Pension Loss, as a head of damage in Schedules, has only applied to those claimants who have been in pensionable employment, mainly final salary schemes, and where the injury suffered has interfered with the pension that would otherwise have been received at retirement.
Back in 2001 the government introduced “Stakeholder” pensions as their first attempt to encourage those employed people in non-pensionable employment to fund for their own pension at retirement, but it failed to a large degree because of its...
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