BA hearing - Day 2: Trustees 'little more than cyphers' if actions require employer consent

James Phillips
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BA's appeal has now ended
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BA's appeal has now ended

Trustees would have limited role in scheme governance if their duties simply include applying the employers' remuneration strategy and always seeking consent for other changes, the Court of Appeal has been told.

The role would be reduced to "little more than a cypher" and "make a nonsense" of the balance of powers in defined benefit (DB) schemes, the trustees of the Airways Pension Scheme (APS) claimed. The...

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