Court of Appeal
ITV given six month deadline for Box Clever funding plan
The Pensions Regulator (TPR) has told ITV and four connected firms that they must deliver a future funding plan for the Box Clever Group Pension Scheme within six months.
Rothesay Life appeals High Court block on Prudential annuity transfer
Rothesay Life has lodged an appeal against the High Court’s decision to block the £12bn transfer of Prudential’s annuity book.
Court ruling 'raises the bar' for pensions rectification cases
Pension schemes have been warned they may now face a more challenging legal test if they wish to fix drafting errors.
Public sector contractors to face 'real issues' following McCloud judgement
The changes likely to be required in public sector pension schemes following the McCloud judgement could have significant financial consequences for public sector outsourcing contractors, Aon says.
Five stories you may have missed this week
This week's top stories included the Financial Conduct Authority announcing it would carry out further investigations on defined benefit transfers.
Court of Appeal rejects ITV appeal against TPR in Box Clever case
The Court of Appeal has dismissed ITV's appeal against a financial support direction (FSD) issued by The Pensions Regulator (TPR) in a long-running case over the Box Clever Pension Scheme.
BIC scheme to recoup £5m from members after pre-97 increases annulled
Nearly 30 years after an initial decision to grant increases to members, the Court of Appeal has invalidated the decision, reducing members' benefits. James Phillips reports
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.
Government faces £4bn extra annual pensions bill after age discrimination case
The government will pause planned changes to public sector pensions as it faces an estimated £4bn annual bill after losing a legal battle last year.
BT loses second bid at indexation swap
BT has lost a Court of Appeal attempt to swap one section of its defined benefit (DB) pension schemes from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI).
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 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.
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.
National retirement income targets needed, say 75% of respondents
An overwhelming majority of this week's Pensions Buzz respondents agreed with the Pensions and Lifetime Savings Association (PLSA) that national retirement income targets should be developed to help people understand how much to save for retirement.
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.
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.
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.
What is the purpose of a pension scheme?
British Airways and one of its schemes' trustees are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
Where has the 'silly season' gone?
Jonathan Stapleton looks at this summer's developments in pensions regulation, and asks what has happened to the August lull.
Why employers should feel comfortable when changing benefit rules
Two Court of Appeal judgments have allowed schemes to introduce a pensionable pay cap. James Phillips explains the reasons why and what to be aware of
IBM members 'will not appeal' ruling to Supreme Court
The landmark Court of Appeal judgment which allowed IBM to impose a cap on increases in pensionable pay will not be appealed to the Supreme Court, according to a members' forum.
Five stories you may have missed this week
This week's top stories included reports that chancellor Philip Hammond is considering cutting higher-rate tax relief in the Autumn Budget, while the Court of Appeal ruled IBM had the right to impose a cap on increases in pensionable pay.
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