Independent pension consultant Dr Ros Altmann says if the action against the Government is successful, it could face a compensation bill of more than £20bn.
At a half-day hearing on Tuesday, Mr Justice Evans-Lomb agreed that the case should go to the ECJ. It is expected to be heard in the next 12 to 18 months. The case could set a precedent for about 65,000 victims of pension wind-ups.
Altmann says: “For months, the Government have said they did not not want to raise false hopes but the financial assistance scheme, as it is, cannot work.”