Pension trustee seeks €16m

A pension fund trustee is seeking a €16 million summary judgement order in the Commercial Court against a company which sells a variety of products on credit in a dispute over a defined benefit pension scheme.

The Ray Murray Group Pension Scheme Ltd is the trustee of the scheme for employees of Marlboro Trust (Retail) DAC, an Irish-owned company based in Mayfield in Cork City.

Marlboro is a nationwide credit company selling clothes, jewellery, hardware, electrical and furniture goods to people in their own homes and providing interest free credit in doing so.