New Airways Pension Scheme
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.
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.
British Airways opens flexible benefits scheme
British Airways (BA) has opened a 'flexible' defined contribution (DC) scheme, offering a range of contribution rates and the ability to take cash payments in lieu of a pension.
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 Pensions suspends transfer values for all active members
An increased volume of enquiries has led British Airways (BA) Pensions to temporarily suspend transfer values for active members.
BA puts forward 'flexible' DC fund to replace DB
British Airways (BA) has proposed a 'flexible' company-wide scheme as it continues to consult on closing its defined benefit (DB) New Airways Pension Scheme (NAPS).
BA plans to close scheme to accrual after deficit grows to £3.7bn
British Airways (BA) will launch a consultation with members of its New Airways Pension Scheme (NAPS) on plans to close the scheme to future accrual.
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.
British Airways: Trustees went ahead with increase after TPR warnings
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.
BA trustees: Advisers did not succumb to pressure
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.
British Airways returns to pension deficit as court showdown nears
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.
BA pensioner loses Ombudsman case over RPI-linkage
The Pensions Ombudsman (PO) has ruled in favour of the trustees of the Airways Pension Scheme (APS) in the latest twist in a long-running battle over indexation.
BA to 'contest every claim' in pensioner fight for RPI link
British Airways (BA) will continue to "contest every claim" from pensioners for inflation protection compensation, despite losing the initial judgment.
Thousands of BA members urge trustees to 'hard-wire' RPI into rules
The vast majority of Airways Pension Scheme members believe BA trustees should hard-wire Retail Prices Index benefit increases into scheme rules, an official ballot shows.
