British Airways

Around 50 pensioners have filed cases with the small claims court against British Airways (BA) over changes to the Airways Pension Scheme's (APS) inflation protection.

February's continued boost in equities has seen FTSE350 scheme deficits decrease according to Mercer despite continued negative deficit reports coming from 2012 final year results.

The latest set of financial results from FTSE companies has re-ignited the debate over smoothing discount rates as strong asset returns were wiped out due to falls in discount rates.

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.

FTSE100 firms with pension schemes heavily exposed to equities dropped 26% in value this month, pushing the combined index deficit up £30bn in just ten days.

Two of the trio of BA trustees who resigned their posts over the switch from RPI to CPI indexation have been re-elected to the board.

UK - 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.

Michael Bow discusses the BA trustee dispute