25 May Rosalind Connor comments in Actuarial Post as BA to appeal High Court ruling on discretionary increases
Partner, Rosalind Connor commented 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.”
Read the full article in Actuarial Post here
Read Rosalind’s comments in Employee Benefits here