BA judgment creates uncertainty over extent of trustee powers
Stephen Richards says the 'paymasters' principle is likely to be scrutinised closely in light of British Airways' landmark win in the Court of Appeal.
British Airways' (BA) successful challenge to a discretionary pension increase granted by the trustees of the Airways Pension Scheme will come as a relief to BA, but it has created uncertainty on the scope...
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ITV offers £31m to support Box Clever Pension Scheme
ITV has submitted a £31m offer to The Pensions Regulator (TPR) for the Box Clever Pension Scheme after being forced to set out how it would financially support the scheme following a lengthy court process.
A history and the rationale for DB schemes: Where they came from
In the first feature of a three-part series, Iain Clacher and Con Keating look back at the UK’s defined benefit universe, exploring why the schemes were set up, how they have changed, and the case for their creation.
What to do if your scheme hits the media spotlight
Patrick Foster draws on his experience supporting trustees through insolvency events to set out what trustees need to prepare for.
No change in plans for Covid-19, say three-in-four DB schemes
The majority of defined benefit (DB) schemes have taken no material action to change their investment strategy or journey plan during the coronavirus pandemic, say Lane Clark & Peacock (LCP).
DB funding - July 2020: Gilts-plus deficit unchanged amid steady market
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the July 2020 estimates on the various measures…
