- Pension trustees and the exercise of discretionary powers (British Airways v Airways Pension Scheme Trustee Ltd)
- Original news
- What assistance is the judgment in considering how trustees of pension schemes should approach their decision-making? What lessons can be learned?
- What lessons can be learned by sponsoring employers who seek to challenge trustees’ decisions?
- What guidance did the court give on how to approach the construction of a pension scheme’s governing documentation?
- What did the court say about the scope and purpose of a scheme’s power of amendment?
- What did the court say about the purpose of a pension scheme?
- Is it likely that BA will appeal?
Pensions analysis: What lessons can be learned by trustees of pension schemes from the recent decision in British Airways v Airways Pension Scheme Trustee Limited? Henry Day, barrister at Radcliffe Chambers and junior counsel for the defendant trustee, examines the case and says it serves as a useful reminder of the correct factors to be taken into account by trustees when exercising discretionary powers.
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