APS

British Airways (BA) has failed to meet a deadline for agreeing a way to plug its deficit due to a legal dispute with trustees over pension increases for retirees.

A High Court judge has criticised British Airways (BA) for leaving the trustees of its pension scheme at risk of bearing the defence costs of an ongoing court case.

British Airways has seen its combined defined benefit deficit increase despite asset increases of over €2bn (£1.73bn), its final results show.

British Airways will tell pensioners this month if it intends to pay "discretionary" increases above CPI inflation after a statutory increase showed just a 40bps difference in prices.

British Airways' Airways Pension Scheme has announced a further £1.3bn longevity insurance contract - taking its hedge on increasing life expectancy to 40% of pensions in payment.

The postal ballot of 28,000 Airways Pension Scheme beneficiaries sparked by the scheme's member meeting in the summer has begun.

The vast majority of Airways Pension Scheme members believe BA trustees should hard-wire Retail Prices Index benefit increases into scheme rules, an official ballot shows.

BA trustee Cliff Pocock explains to Jenna Towler why he returned to the board

The heated meeting of APS members on Monday shows just how deeply feelings run over the CPI indexation switch.

The former trustees of the BA Airways Pension Scheme have vowed to take the scheme to court over its controversial move to stop paying pensions in-line with RPI inflation.