A £250m contingent payment, due to be paid in 2019, was created for Airways Pension Scheme (APS) trustees to use however they wanted, according to its former chairman.
Member-nominated trustees (MNTs) of the Airways Pension Scheme (APS) became more flexible and mature as time progressed, a fellow trustee has called.
The High Court has heard the Airways Pension Scheme (APS) trustees were entitled to include the value of recovery plan payments when deciding whether to pay discretionary increases.
The Airways Pension Scheme (APS) trustees needed to take a tactical approach to funding negotiations to pay Retail Price Index-linked (RPI) increases, their former legal adviser Anthony Arter has said.
It was not legally risky for the Airways Pension Scheme (APS) trustees to unilaterally amend the trust deed to give themselves a discretionary increase power, ex-adviser Anthony Arter has said.
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.
Airways Pension Scheme (APS) members were sometimes hostile and intimidating towards trustees and advisers over pension increases, the scheme actuary has recalled during a landmark High Court case.
Granting discretionary increases was not necessarily precluded by the scheme being in deficit, the Airways Pension Scheme (APS) actuary has said in the landmark High Court case.
The Airways Pension Scheme (APS) trustees received advice that was too precise to be a prudent recommendation, British Airways' (BA) chief financial officer (CFO) has claimed.
Trustees of the Airways Pension Scheme (APS) had a unilateral power to amend the scheme rules, their lawyer has said.
Members of the Airways Pension Scheme (APS) had an expectation to receive payment increases in line with the Retail Price Index (RPI), the trustee board's lawyer has argued.
Amending scheme rules to allow for discretionary increases provided an "elegant solution" to the indexation debate, according to the Airways Pension Scheme's (APS) leading counsel.
British Airways' (BA) scheme trustees approved a discretionary increase above the rate of the Consumer Price Index (CPI) despite warnings from the regulator, the company's lawyer has claimed.
Advisers to the Airways Pension Scheme (APS) did not succumb to pressure from trustees to deliver a framework in favour of discretionary increases, the board's barrister has argued.
Trustees of the Airways Pension Scheme (APS) believed it would be a "lost opportunity" if the scheme ran a surplus, a lawyer for British Airways (BA) has argued.
British Airways' (BA) scheme trustees turned on their advisers and put pressure on them to change their advice, the High Court has heard.
Trustees of a British Airways (BA) pension scheme have been described as "inflexible" after being accused of deliberately ignoring advice about the future of the scheme.
The combined balance of British Airways' (BA) defined benefit (DB) schemes has returned to a deficit after recording a surplus at the end of last year.
British Airways (BA) has failed to meet a deadline for agreeing a way to plug its deficit due to a legal dispute with trustees over pension increases for retirees.
Rising longevity poses a much greater threat to companies with defined benefit (DB) pension schemes than low interest rates, Fitch Ratings has warned.
Helen Morrissey asks how much power trustees really have when dealing with sponsors?
British Airways has parted ways with the chairman of its pension schemes following disagreement over investment strategy.
Professional Pensions looks at the impact of falling inflation over the last year
The government has named Eversheds consultant Anthony Arter as its preferred candidate to replace Tony King as Pensions Ombudsman.