Airways Pension Scheme Trustee v Fielder and another

Trust and trustee – Trustee's costs. The claimant trustee would be acting in the interests of the scheme as a whole by pursing the appeal and it would, therefore, be entitled to an indemnity in respect of its costs of doing so from the assets of the scheme. Accordingly, the Chancery Division allowed the trustee's application for Beddoe relief in relation to its appeal to the Supreme Court, but restricted the costs in respect of which the trustee was entitled to an indemnity from the scheme to £1,034,000.

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