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To print this article, all you need is to be registered or login on Mondaq.com. In January 2020, His Honour Judge Hodge QC ("HHJ Hodge") was asked to construe the pension increase rule in the Britvic Pension Plan (the "Plan"), which gave Britvic plc ("Britvic") a power to choose "any other rate" than the default rate under the Plan's rules.
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To print this article, all you need is to be registered or login on Mondaq.com. In Univar UK Limited v Stephen Smith and others, Mr Justice Trower rectified the rules in a definitive deed and rules dated 13 March 2008 (the "2008 DDR") of the Univar Company Pension Scheme (1978) (the "Scheme") which provided for increases to pensions in payment and revaluation of deferred pensions (together, "pension increases") in the Scheme's final salary section.
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