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

The state pension remains a critical income source
Average annual retiree spending is £22,140 per year – nearly £10,000 below the recommended Pensions UK level for an adequate lifestyle in retirement.
What the Pensions Commission should consider and why
In July the government revived the Pensions Commission, to address the UK’s retirement crisis that risks tomorrow’s pensioners being poorer than today
Survey finds slowdown in discretionary pension increases
Aon has found that fewer UK defined benefit (DB) pension schemes are now granting inflation-driven discretionary increases. When compared with the two

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.