Multimodal Logistics faces £1.1m pension liability bill after losing bid to appeal


Felixstowe-based Multimodal Logistics has been ordered to pay £1.1m to trustees of a workplace pension after losing a bid to appeal a High Court ruling. The haulier and China Shipping (U.K.) Agency was found liable by the High Court last year to pay £1.1m and £6.6m, respectively, to PS Independent Trustees, which brought the litigation. A bid by both companies to appeal the High Court ruling was rejected this month by Marie Bancroft-Rimmer, a Master of the Court of Appeal. […]