Trustees of the Airways Pension Scheme have been forced to put on hold a discretionary increase in payments after British Airways launched legal proceedings to block the move.
In a letter to members, APS Trustees chairman Paul Spencer said the scheme had decided to pay a 0.2% increase with effect from December this year. But it said British Airways had not accepted th...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
