A pensioner in the Airways Pension Scheme (APS) has won a default judgment against British Airways (BA) to cover losses after the scheme downgraded inflation protection.
Around 50 pensioners have filed cases with the small claims court against British Airways (BA) over changes to the Airways Pension Scheme's (APS) inflation protection.
February's continued boost in equities has seen FTSE350 scheme deficits decrease according to Mercer despite continued negative deficit reports coming from 2012 final year results.
The latest set of financial results from FTSE companies has re-ignited the debate over smoothing discount rates as strong asset returns were wiped out due to falls in discount rates.
British Airways will tell pensioners this month if it intends to pay "discretionary" increases above CPI inflation after a statutory increase showed just a 40bps difference in prices.
British Airways' Airways Pension Scheme has announced a further £1.3bn longevity insurance contract - taking its hedge on increasing life expectancy to 40% of pensions in payment.
The postal ballot of 28,000 Airways Pension Scheme beneficiaries sparked by the scheme's member meeting in the summer has begun.
FTSE100 firms with pension schemes heavily exposed to equities dropped 26% in value this month, pushing the combined index deficit up £30bn in just ten days.
Two of the trio of BA trustees who resigned their posts over the switch from RPI to CPI indexation have been re-elected to the board.
UK - The former trustees of the BA Airways Pension Scheme have vowed to take the scheme to court over its controversial move to stop paying pensions in-line with RPI inflation.
Michael Bow discusses the BA trustee dispute
Lynn Strongin Dodds looks at how the recent AIMA guidelines are designed to improve governance in the hedge fund industry
The Association of British Airways Pensioners has called a meeting for members of the New Airways Pension Scheme over the RPI to CPI switch.
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Government policy on future pension increases has led directly to the resignation of three Airways Pension Scheme trustees, Cliff Pocock says.
BNY Mellon, BA, Russell Investments, HamishWilson, Pictet, BlackRock, Towers Watson
UK - BT has announced Paul Spencer will become trustee chairman of the £35bn ($56bn) BT Pension Scheme on 1 March.
BT has announced Paul Spencer will become trustee chairman of the £35bn BT Pension Scheme on 1 March.
UK - The Financial Reporting Council has revealed the 68 signatories to the UK Stewardship Code.
The Financial Reporting Council has revealed the 68 signatories to the UK Stewardship Code.
UK - Iberia will merge with British Airways after the Spanish airline's board of directors gave the green light to its 16-year deficit recovery plan.
Iberia will merge with British Airways after the Spanish airline's board of directors gave the green light to its 16-year deficit recovery plan.
The longevity risk transfer market continues to grow exponentially with UK longevity and risk deals set to exceed £10bn by the end of the year, Hewitt Associates says.
The British Airways Pension Fund has made a fresh allocation to City of London real estate as it believes the sector is well positioned in the current cycle.