BA
Fraser Smart: Seeking a nirvana for BA pension members
Technology is at the heart of BA Pensions’ drive to help members and it wants to share that with others. James Phillips speaks to BA Pensions chief executive Fraser Smart.
High Court approves BA deal with Airways Pension Scheme trustees
Justice Antony Zacaroli has approved the settlement deal between British Airways (BA) and the trustees of the Airways Pension Scheme (APS).
BA awaits court blessing on settlement for six-year dispute
The High Court must bless a settlement between British Airways (BA) and the trustees of the Airways Pension Scheme (APS) to achieve certainty and bring to an end the acrimonious six-year dispute, it has been told.
New Airways Pension Scheme to reach full funding four years early
British Airways (BA) has pledged an extra £150m in annual deficit recovery contributions (DRCs) to the New Airways Pension Scheme (NAPS) over the next four years.
Exclusive: Michelle McGregor Smith to retire from BA pensions
Michelle McGregor Smith has announced her intention to retire from British Airways Pensions Investment Management (BAPIM) after over three decades working with the schemes.
Five stories you may have missed this week
This week's top stories included British Airways agreeing a settlement with the trustees of one of its schemes nearly six years after litigation was initiated.
British Airways agrees settlement with APS trustees in long-running dispute over increases
Members of the Airways Pension Scheme (APS) are set to receive boosts to their pensions after long-running litigation between the scheme's trustees and British Airways (BA) has ended.
The pension court cases to watch in 2019
A groundhog year kicks off as many of 2018's biggest court cases return on appeal. James Phillips rounds up what trustees should keep an eye on.
Five stories you may have missed this week
This week's top stories included exclusive coverage of The Pensions Regulator's plans to require schemes to use professional trustees.
BA trustees granted extra £1m for appeal as costs exceed discretionary increase
Trustees of the Airways Pension Scheme (APS) have been granted permission to use more than £1m of scheme assets to fund an appeal over discretionary increases.
Five stories you may have missed this week
This week's top story was British Airways' Airways Pension Scheme completing a £4.4bn buy-in with Legal & General, the market's largest ever single transaction, making 2018 a record year for bulk annuities.
APS trustees to take discretionary increase battle to Supreme Court
Trustees of the Airways Pension Scheme (APS) have confirmed they will appeal to the Supreme Court over a recent Court of Appeal judgment striking down their ability to award discretionary increases.
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.
BA hearing - Day 1: Airways trustees put in 'invidious position of paymaster'
Concluding that the purpose of a pension scheme is not simply to apply the employer's preferred remuneration strategy would result in trustees becoming "paymaster", the Court of Appeal has been told.
British Airways to close New Airways Pension Scheme to future accrual
British Airways is set to close the New Airways Pension Scheme to future accrual and launch a flexible benefits scheme incorporating a new defined contribution pension scheme.
BA to appeal High Court ruling on discretionary increase
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.
British Airways loses High Court battle over discretionary increase
British Airways (BA) has lost a landmark trial to block its pension trustees' decision to award a discretionary increase in 2013.
BA pension deficit nearly doubles in six months
The aggregate deficit of British Airways' (BA) pension schemes has climbed 94% since the end of June, despite one scheme increasing its surplus.
What were the top pension news stories of 2016?
PP Online counts down the top 20 news stories of the year.
What were the biggest stories in pensions this week?
This week the High Court heard the BA trustees' actions led to corrosion of role and responsibility, while the industry welcomed plans to crack down on fraudulent transfers.
BA case: Trustees did not need a specific power to award increases
Trustees of the Airways Pension Scheme (APS) could have awarded a discretionary increase without amending the scheme rules, their lawyer has told the High Court.
BA: Trustees' actions led to 'corrosion' of role and responsibilities
Airways Pension Scheme (APS) trustees' misunderstanding of the purpose of a defined benefit (DB) scheme was not consistent with regulation and produced "absurd results", British Airways' (BA) lawyer has told the High Court.
BA case: Company used £250m contingent payment to divide schemes, trustee says
British Airways (BA) took advantage of "accidental" drafting of the rules surrounding a £250m contingent payment in a bid to block discretionary increases for the Airways Pension Scheme (APS), a trustee has told the High Court.
BA case: APS actuary defends advice that an increase was 'reasonable and prudent'
The Airways Pension Scheme (APS) actuary has defended his advice to trustees that awarding a discretionary increase to members would be a "reasonable and prudent" thing to do.
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