Pensions - Articles - British Airways appeal decision to grant DB pension increase


Leading pensions lawyer Rosalind Connor, partner at ARC Pensions Law comments on the news that British Airways intends to appeal the High Court decision that allowed trustees of one of its defined benefit schemes to grant a 0.2% increase to pensioners, .

 "In one sense, the move by BA to appeal this decision is very understandable – they are saddled with a scheme where the trustees alone can amend the rules, and the present judgment gives them very limited ability to challenge this, which could give rise to much larger increases to benefits.

 On the other hand, the decision at first instance was quite emphatic, and the judge did comment that the trial was “lengthy and expensive”, obviously with some disapproval that all this time had been taken – BA risks more of the same commentary at the Court of Appeal."
  

Back to Index


Similar News to this Story

Call to consider staggering requirements by size of scheme
XPS has responded to the DWP’s consultation on ‘Improving outcomes for members of defined contribution pension schemes’. It is calling for the governm
Comment on MaPS Pensions Dashboards Programme update
Commenting on the publication by the Money and Pensions Service (MaPS) of an update on the Pensions Dashboards Programme pathway, Anthony Rafferty, Ma
Employment crisis may be made worse by lack of training
The largest global retirement survey of its kind, carried out in 15 countries by Aegon, highlights a considerable training gap between older and young

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.