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The Court of Appeal has found in favour of British Airways in *British Airways plc v Airways Pension Scheme Trustee Ltd*. Under the scheme’s rules, pensions were increased in accordance with the Pensions Increase (Review) Orders. These were set with reference to RPI but, since 2011, have been set by reference to CPI.
www.bdbpitmans.comThe airline has confirmed that Paul Spencer’s five-year contract will not be renewed after it expires at the end of next month
www.independent.co.ukBritish Airways Pension Services Limited is a dormant company located in West Drayton, Greater London. View company profile, shareholders, contacts, financials, industry and description.
open.endole.co.ukThe airline brought the case after the trustees of the Airways Pension Scheme (APS) changed the scheme's rules to enable it to make discretionary payments to its members, above inflation rises. Two years later, in 2013, the trustees awarded a payment of 0.2%, totalling £12m. The scheme was established when BA was a public sector company and its rules provided for an upwards adjustment in annual pensions rates in accordance with Pension Increase Review Orders (PIROs) made by the Treasury. These...
www.pinsentmasons.comBritish Airways reaches an agreement with its pension trustees on a recovery plan to reduce its £3.7bn pension deficit.
www.bbc.comUK - British Airways has reached an agreement with the trustees of the New Airways Pension Scheme and Airways Pension Scheme on a recovery plan to address its £3.7bn (US$5.4bn) funding deficit.
www.professionalpensions.comJudgment Approved by the court for handing down. British Airways Plc v Airways Pension Scheme Trustee Ltd Lord Justice Patten : 1. There are two principal issues on this appeal. The first is whether the Trustees of the Airways Pension Scheme (“APS”) validly exercised the power of amendment
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