All British Airways Pension Scheme articles
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NewsAirways Pension Scheme insures £340m of longevity risk
The £5.2bn Airways Pension Scheme has completed a longevity reinsurance transaction with insurers MetLife and Zurich.
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NewsBritish Airways’ DRCs suspended as scheme reaches full funding
On the go: British Airways will not pay deficit reduction contributions as long as the New Airways Pension Scheme is 100 per cent funded, under a new agreement signed with the trustees.
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NewsTruell seeks London listing for Long Term Assets
On the go: Long Term Assets Limited, led by Pension Insurance Corporation founder Edi Truell, has announced its intention to list its shares on the London Stock Exchange.
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NewsSarah Smart endorsed as TPR chair despite conflict of interest concerns
The Work and Pensions Committee has given its assent to the appointment of Sarah Smart as the next chair of the Pensions Regulator, putting aside concerns about potential conflicts of interest.
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NewsMPs quiz prospective TPR chair over conflicts of interest
The Work and Pensions Committee has questioned the leading candidate to take over as chair of the Pensions Regulator regarding potential conflicts of interest.
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News
BA agrees deal with trustees to defer £450m deficit contributions
On the go: British Airways has announced an agreement with its New Airways Pension Scheme to defer £450m of pension deficit contributions.
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News
Redundancies cause threefold rise in member requests at BA
Redundancies at British Airways coupled with members’ concerns about the security of their pensions have significantly increased the workload of its administration team, which has prompted the schemes to set up a communication plan to deal with the issue.
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NewsBA pension trustee urges against RPI changes
The chair of Airways Pension Scheme Trustee Ltd, Roger Maynard, has warned that possible reforms of the retail price index could cause great injustices, as well as undermining trust in the issuance of index-linked gilts.
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NewsBritish Airways resumes pension transfer activities
British Airways is to resume its pension transfer activities following a short suspension due to the impact of the coronavirus crisis, Pensions Expert can reveal.
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NewsBA trustees disembark as destination comes into view
A British Airways defined benefit scheme is shrinking its trustee board size, due to decreased workload after a buy-in and successfully weathering the Covid-19 funding storm.
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News
BA schemes agree acquisition and leaseback of Ted Baker HQ
On the go: The trustees of British Airways’ pension schemes have moved to capitalise on businesses’ need to refinance amid the Covid-19 pandemic, purchasing the London headquarters of struggling fashion retailer Ted Baker.
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News
Court approves BA trustees' pension increase settlement
On the go: Trustees of British Airways’ defined benefit schemes have had a settlement allowing them to pay discretionary increases approved by the High Court.
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News
British Airways agrees settlement with APS
British Airways has finally agreed an out of court settlement with the trustees of the Airways Pensions Scheme.
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News
APS trustees given go ahead to use scheme assets to fund appeal
On the go: Trustees of the Airways Pension Scheme have been given permission to use scheme assets to fund an appeal to the Supreme Court over APS discretionary increase litigation.
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OpinionEqualisation will dominate court cases in 2019
The past year has been a busy one for pensions lawyers, and 2019 looks set to deliver much of the same.
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News
BA wins appeal over discretionary increase
The trustees of the Airways Pension Scheme went beyond their remit in granting a 0.2 per cent discretionary increase to members’ pensions in 2013, the Court of Appeal has ruled.
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OpinionWhat we can learn from recent legal cases
Trustee decision-making has never been under such close scrutiny, and will be even more so once the court publishes the judgment in the long-running case between British Airways and its pension scheme trustees.
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OpinionHow to decide what is in members' interests
The challenges facing trustees of defined benefit schemes have grown dramatically over recent years. At times of such difficulty, it can help to go back to the basic principles of good trusteeship.
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Features
Increased contributions for BA scheme rewarded by investors
The trustees of the New Airways Pension Scheme have agreed a new funding arrangement with sponsor British Airways, a move that saw share prices in BA’s parent company International Airlines Group soar by more than 5 per cent on Wednesday.
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OpinionDisruption, dispute – discontent?
The news that Royal Bank of Scotland is shifting £18m of annual national insurance contributions – the increase it will face when contracting-out kicks in on April 6 – to 27,000 defined benefit members may not faze pensions lawyers, given it is legal to do so.