Airways Pension Scheme

The aggregate deficit of British Airways' (BA) pension schemes has climbed 94% since the end of June, despite one scheme increasing its surplus.

2016 was a big year for pensions in the courts, but the coming months already have a number of potentially game-changing cases lined up. James Phillips explores the cases to watch

Airways Pension Scheme (APS) trustees did not have the authority to make an amendment to the scheme rules, a lawyer for British Airways (BA) has told the High Court.

The Airways Pension Scheme (APS) actuary has defended his advice to trustees that awarding a discretionary increase to members would be a "reasonable and prudent" thing to do.

Granting discretionary increases was not necessarily precluded by the scheme being in deficit, the Airways Pension Scheme (APS) actuary has said in the landmark High Court case.

The Airways Pension Scheme (APS) trustees received advice that was too precise to be a prudent recommendation, British Airways' (BA) chief financial officer (CFO) has claimed.

Trustees of the Airways Pension Scheme (APS) had a unilateral power to amend the scheme rules, their lawyer has said.

Amending scheme rules to allow for discretionary increases provided an "elegant solution" to the indexation debate, according to the Airways Pension Scheme's (APS) leading counsel.

British Airways' (BA) scheme trustees approved a discretionary increase above the rate of the Consumer Price Index (CPI) despite warnings from the regulator, the company's lawyer has claimed.

Advisers to the Airways Pension Scheme (APS) did not succumb to pressure from trustees to deliver a framework in favour of discretionary increases, the board's barrister has argued.