Court of Appeal

Members of the Airways Pension Scheme (APS) have written to trustees demanding a meeting over why they have not yet decided whether to appeal the recent Court of Appeal judgment, PP can reveal.

An overwhelming majority of this week's Pensions Buzz respondents agreed with the Pensions and Lifetime Savings Association (PLSA) that national retirement income targets should be developed to help people understand how much to save for retirement.

Jonathan Stapleton says sponsors are likely to consider whether trustees can be challenged on their use of discretionary powers, following the British Airways ruling

Stephen Richards says the 'paymasters' principle is likely to be scrutinised closely in light of British Airways' landmark win in the Court of Appeal.

British Airways (BA) will not have to pay a £12m discretionary benefit its trustees had unilaterally granted, the Court of Appeal has ruled.

Trustees would have limited role in scheme governance if their duties simply include applying the employers' remuneration strategy and always seeking consent for other changes, the Court of Appeal has been told.

Concluding that the purpose of a pension scheme is not simply to apply the employer's preferred remuneration strategy would result in trustees becoming "paymaster", the Court of Appeal has been told.

British Airways and one of its schemes' trustees are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue

Jonathan Stapleton looks at this summer's developments in pensions regulation, and asks what has happened to the August lull.

Two Court of Appeal judgments have allowed schemes to introduce a pensionable pay cap. James Phillips explains the reasons why and what to be aware of