The High Court has heard the Airways Pension Scheme (APS) trustees were entitled to include the value of recovery plan payments when deciding whether to pay discretionary increases.
The Airways Pension Scheme (APS) trustees needed to take a tactical approach to funding negotiations to pay Retail Price Index-linked (RPI) increases, their former legal adviser Anthony Arter has said.
It was not legally risky for the Airways Pension Scheme (APS) trustees to unilaterally amend the trust deed to give themselves a discretionary increase power, ex-adviser Anthony Arter has said.
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.
Airways Pension Scheme (APS) members were sometimes hostile and intimidating towards trustees and advisers over pension increases, the scheme actuary has recalled during a landmark High Court case.
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.
Members of the Airways Pension Scheme (APS) had an expectation to receive payment increases in line with the Retail Price Index (RPI), the trustee board's lawyer has argued.
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.