|| All ER (D) 106 (Jan)
||Christopher Nugee QC (instructed by Lovell White Durrant) for the claimants.
||Launcelot Henderson QC (instructed by the Solicitor to British Telecommunications) for the first defendant.
||Jules Sher QC and Sarah Asplin (instructed by Russell Jones & Walker) for the second and third defendants.
||19 January 2001
Pension - Pension scheme - Company pension scheme - Construction of scheme - Ancillary matters - Whether interest should be compounded or not.
The normal rule, even in equity, was that the courts should award simple interest. The factor which determined whether compound interest could be awarded was the existence of fraud or impropriety on behalf of the trustees.
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