Airways Pension Scheme (APS) trustees did not have the authority to make an amendment to the scheme rules, a lawyer for British Airways (BA) has told the High Court.
Beginning BA's closing statement on 5 December, Michael Tennet QC said awarding a discretionary increase was therefore also beyond the trustees' powers. The comments were made in the final week of a...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
