Cynics in the legal profession are always keen to embrace legal uncertainty – they argue it keeps them in business. In the end of course, no one wins from uncertain, or still less, bad law.

Alternative method of amending mistakes in scheme documents blocked by courts.

In the heady days of last summer we reported on the High Court judgment in the first case which dealt with the new scheme specific funding established by the Pensions Act 2004 (the “Act”), “British Vita Unlimited v British Vita Pension Fund Trustees Limited & British Vita SE & D Pension Fund Trustees Limited”.

Readers will recall that in our last issue of Insight we featured an article written by David Viana of PIMCO on the impending introduction of the Markets in Financial Instruments Directive (MiFID), which comes into force on 1 November 2007.