British Airways plc v Airways Pension Scheme Trustee Ltd

Pension – Pension scheme. The judge had erred in holding that the respondent trustees had validly exercised a power of amendment contained in a trust deed which conferred on themselves a power to review and, at their discretion, increase the annual rate of pension payable beyond what would otherwise be permitted under a balance of cost defined benefit pension scheme. Accordingly, the Court of Appeal, Civil Division, allowed the appellant employer's appeal.

Category: