Edwin Coe is assisting the Deprived Pensioners Association to challenge the discriminatory nature of the pensions compensation legislation that excludes many thousands from receiving any compensatory uplift to their pension for inflation from the Pension Protection Fund.

Para 28 of Schedule 7 to the Pensions Act 2004 provides that compensation paid by the PPF shall not be subject to any annual increase for service completed before 6 April 1997. Even after that it is subject to very small increases each year far below the rate of inflation.

The DPA asserts that the absence of any increase discriminates against older pensioners by effect and seek to challenge the legislation under the Human Rights Act and retained EU legislation.

For further information, please visit the DPA campaign website at deprivedpensioners.org.

Contact our Class Action Litigation Team
telephone: 020 7691 4000
or email: enquiries@edwincoe.com

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Class Action Litigation

Deprived Pensioners Association

Edwin Coe has been instructed by a group of investors in a number of the Eclipse Partnerships to bring proceedings to recover losses incurred due to their participation in these partnerships. These investors are also represented by tax specialists Newport Tax Management LLP. The Eclipse Film Partnerships were a series of film financing schemes conceived by HSBC and promoted by Future Capital Partners (formally known as Future Films Ltd) between 2003 and 2007. They were marketed as a tax efficient vehicle for investment in future returns on film rights on studio made films, creating a tax deferral benefit. Investors paid significant sums into the schemes, and entered into loan agreements with the designated lending banks to buy the film distribution rights to Disney films. The lending banks were Bank of Ireland and Barclays. Investors were promised significant tax relief, on the basis that that the transactions they were entering into were bona fide investments in the film industry, and that the scheme structure and its component parts had been subject to due diligence by those drafting the scheme documentation and participating in the sale and leaseback of the film rights.

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