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

Changes to salary sacrifice puts retirements at risk
Two in five (38%) Brits will save less into their pension if the salary sacrifice scheme is capped in the Chancellor’s upcoming Budget. The ABI, who c
DB Surplus Release: risks, rewards and responsibilities
The Society of Pension Professionals (SPP) has today published a wide-ranging paper on the topical issue of surplus release from DB pension schemes.
Areas of potential identified to build financial resilience
More than 3 million households unable to cover more than a month of lost income – but new Nest Insight trials could unlock multiple, scalable support

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.