NAPS

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.

A £250m contingent payment, due to be paid in 2019, was created for Airways Pension Scheme (APS) trustees to use however they wanted, according to its former chairman.

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.

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.

British Airways has seen its combined defined benefit deficit increase despite asset increases of over €2bn (£1.73bn), its final results show.

Michael Bow discusses the BA trustee dispute