BA: Trustees' actions led to 'corrosion' of role and responsibilities

James Phillips
clock • 3 min read

Airways Pension Scheme (APS) trustees' misunderstanding of the purpose of a defined benefit (DB) scheme was not consistent with regulation and produced "absurd results", British Airways' (BA) lawyer has told the High Court.

Speaking in the final week of the landmark trial on 6 December, Michael Tennet QC added the trustees' belief that they had to act in the best financial interests of members also led to a "corrosion...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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