BA: Trustees' actuarial advice was too precise

James Phillips
clock • 3 min read

The Airways Pension Scheme (APS) trustees received advice that was too precise to be a prudent recommendation, British Airways' (BA) chief financial officer (CFO) has claimed.

A 2011 draft of a discretionary increase framework (DIF) made assumptions to a 0.01% degree, which Nicholas Swift said was part of the trustee board's plan to create a framework that justified an i...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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