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.
This was because the money had been pledged to the scheme, one of the trustees has said in the landmark case. The trustees saw it as a matter of entitlement to assume £55m annual contributions a...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
