BA wins legal fight over pension payments boost

British Airways has won a legal fight with the trustees of one of its pension funds over increases in payments to retired workers. The airline has been embroiled in litigation with the trustees over their 2013 decision to award a 0.2% discretionary increase to pensioners in the scheme — which amounted to half the difference between the retail price index and the consumer price index. The High Court had found in favour of the trustees, but Thursday the Court of Appeal overturned that decision and narrowly ruled 2 to 1 in favour of BA. The case has been closely watched by the pensions industry because it helps clarify the roles and responsibilities of trustees. <br/>