Trustees of the Airways Pension Scheme (APS) believed it would be a "lost opportunity" if the scheme ran a surplus, a lawyer for British Airways (BA) has argued.
In a landmark six-week case in the High Court, which began last Wednesday, BA is suing the APS trustee for its decision to award a 0.2% discretionary increase to members in the 2013/14 financial ye...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
