In 1994, in the case of Schmidt v. Air Products Canada Ltd., (1994), 3 C.C.P.B. 1, [1994] 2 S.C.R. 611 (Schmidt), the Supreme Court of Canada (SCC) established a new direction for the law of pensions by holding that a pension trust is a classic trust, “subject to all applicable trust law principles.” Commentators at [...]