British Airways: Trustees went ahead with increase after TPR warnings

James Phillips
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British Airways: Trustees went ahead with increase after TPR warnings

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.

In November 2013, the Airways Pension Scheme (APS) trustees voted for a 0.2% discretionary increase for the 2013/14 financial year, after The Pensions Regulator (TPR) had expressed concerns over potential...

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