CPI

The former chairman of the Airways Pension Scheme (APS) has told the High Court trustees of British Airways' (BA) other pension scheme must accept their decision to award a 0.2% increase.

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.

Steve Webb looks at the potential impact of a new measure of inflation called CPIH.

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) trustees used the threat of discretionary increases to try to get British Airways (BA) to maintain a funding schedule and recovery plan based on the Retail Price Index (RPI), the High Court has heard.

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.

Company adviser modelling of the Airways Pension Scheme (APS) funding position would have allowed for discretionary increases if adopted, British Airways (BA) has admitted.

Marks and Spencer's (M&S) decision to close its defined benefit (DB) scheme to future accrual from April 2017 has resulted in a £127m charge.

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.