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.
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.
British Airways' (BA) scheme trustees turned on their advisers and put pressure on them to change their advice, the High Court has heard.
Trustees of a British Airways (BA) pension scheme have been described as "inflexible" after being accused of deliberately ignoring advice about the future of the scheme.
The combined balance of British Airways' (BA) defined benefit (DB) schemes has returned to a deficit after recording a surplus at the end of last year.
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.
Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.
Helen Morrissey asks how much power trustees really have when dealing with sponsors?
British Airways has parted ways with the chairman of its pension schemes following disagreement over investment strategy.