Michael Tennet

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.

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.

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.

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.

Airways Pension Scheme (APS) trustees did not have the authority to make an amendment to the scheme rules, a lawyer for British Airways (BA) has told the High Court.

Airways Pension Scheme (APS) trustees should have updated the scheme trust deed and rules when British Airways (BA) was privatised in 1987, a trustee has told the High Court.

Airways Pension Scheme (APS) trustees did not intend to hardwire Retail Price Index (RPI) during a test for awarding discretionary increases, a trustee has told the High Court.

Member-nominated trustees (MNTs) of the Airways Pension Scheme (APS) became more flexible and mature as time progressed, a fellow trustee has called.

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.