British Airways
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.
Five stories you may have missed this week
This week’s top stories include the approval of the settlement deal between British Airways and the trustees of the Airways Pension Scheme, and calculations that show pension schemes could save 20% if they move to a defined contribution master trust....
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: How the discretionary increase case unfolded
It has been almost six years since British Airways (BA) launched legal action against the trustees of its Airways Pension Scheme (APS) for unilaterally awarding a discretionary benefit to members.
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.
Here's to a happy (but quieter) New Year
As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.
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.
Airways Pension Scheme lands £4.4bn pensioner buy-in with Legal and General
The British Airways sponsored Airways Pension Scheme (APS) has completed a £4.4bn pensioner bulk annuity buy-in with Legal & General.
Airways Pension Scheme defers appeal decision to September
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Five stories you may have missed this week
This week's stop stories including British Airways' pension scheme members demanding a meeting with trustees over the time taken to decide whether to appeal a recent court judgment.
EXCLUSIVE: BA members warn trustees to appeal judgment to avoid 'breaching trust'
Members of the Airways Pension Scheme (APS) have written to trustees demanding a meeting over why they have not yet decided whether to appeal the recent Court of Appeal judgment, PP can reveal.
BA Court of Appeal ruling may have far-reaching implications
Jonathan Stapleton says sponsors are likely to consider whether trustees can be challenged on their use of discretionary powers, following the British Airways ruling
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.
Five stories you may have missed this week
This week's top stories included coverage of the Court of Appeal's judgment in the latest instalment of British Airways' five-year battle with its trustees.
British Airways wins appeal against discretionary increases; trustees granted permission to appeal
British Airways (BA) will not have to pay a £12m discretionary benefit its trustees had unilaterally granted, the Court of Appeal has ruled.
BA hearing - Day 2: Trustees 'little more than cyphers' if actions require employer consent
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.
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