BA case: £250m payment was for APS trustees to use how they saw fit, says ex-chairman

James Phillips
clock • 4 min read

A £250m contingent payment, due to be paid in 2019, was created for Airways Pension Scheme (APS) trustees to use however they wanted, according to its former chairman.

The claim was made by Paul Spencer during the High Court trial where British Airways (BA) is contesting the decision by APS trustees to award a 0.2% discretionary increase - above the Consumer Pric...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

FCA consults on proposals to support stronger SIPP market standards

FCA consults on proposals to support stronger SIPP market standards

Watchdog says it aims to improve consistency and adequacy of due diligence

Jonathan Stapleton
clock 22 June 2026 • 1 min read
Will pension firms become subject to a robot tax?

Will pension firms become subject to a robot tax?

Matthew Giles looks at how taxing the ‘labour’ performed by AI would impact pensions

Matthew Giles
clock 18 June 2026 • 3 min read
Pitfalls with privilege – Ensuring trustees don't stumble at the final hurdle

Pitfalls with privilege – Ensuring trustees don't stumble at the final hurdle

Chris Edwards-Earl looks at issues around privilege in Virgin Media solutions

Chris Edwards-Earl
clock 17 June 2026 • 3 min read
Trustpilot