Law and Regulation

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

This week we want to know if there should be more emphasis on the role of advisers to schemes and sponsoring employers after the British Home Stores (BHS) saga.

Trustees of the Airways Pension Scheme (APS) had a unilateral power to amend the scheme rules, their lawyer has said.

Helen Morrissey thinks the regulator will need to show its teeth in the BHS saga.

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.

The International Longevity Centre (ILC) has called on the government to 'take care' with the UK's welfare system after the Work and Pensions Committee (WPC) proposed scrapping the state pension 'triple lock'.

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.

The Court of Appeal has ruled the Barnardo's pension trustees cannot switch the scheme from the Retail Price Index (RPI) to the Consumer Price Index (CPI).

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.