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...
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British Airways (BA) will appeal a High Court decision which allowed trustees of one of its defined benefit (DB) schemes to grant a 0.2% increase to pensioners.
Helene Winch says in light of regulatory guidance, schemes focused on de-risking need to re-consider their fiduciary duty to also manage ESG risk