BA case: Trustees were 'reasonable' to include recovery payments in increase framework

James Phillips
clock
BA case: Trustees were 'reasonable' to include recovery payments in increase framework

The Airways Pension Scheme (APS) trustees were "entirely reasonable" when including £55m annual recovery payments and a £250m contingent payment in their discretionary increase framework, their lawyer has said.

Concluding APS' closing statement on 8 December in the High Court, Keith Rowley QC said the trustees could take the money into account according to their actuarial advice. The comment was made on the...

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

Join now

 

Already a Professional Pensions member?

Login

More on Law and Regulation

Pension cold-callers fined £140,000 in ICO's biggest fine

Pension cold-callers fined £140,000 in ICO's biggest fine

EB Associates used lead generators to ‘try and bypass the law’, ICO says

James Phillips
clock 02 December 2021 • 1 min read
Why TPR's stronger powers could be a boon, not a threat

Why TPR's stronger powers could be a boon, not a threat

While worries are high, experts believe the new powers could strengthen protections

James Phillips
clock 02 December 2021 • 6 min read
Pensions and financial inclusion minister Guy Opperman

DWP plans performance fee charge cap exemption

Government wants to better enable access to productive finance and illiquid assets

James Phillips
clock 30 November 2021 • 2 min read
Trustpilot