NEWS   |    May 25, 2017

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

The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. Arc Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.

Related News