BA pension trustees meet to decide the chairman's future

BRITISH AIRWAYS&rsquo; retirement scheme trustees will meet with chairman Roger Maynard today to discuss his future at the helm of the fund.<br /><br />Maynard has come under fire for combining his role as chairman of both BA&rsquo;s pension funds with board positions at BA and Spain&rsquo;s Iberia, suggesting a conflict of interests. <br /><br />A spokesman for the trustees said they were aware of a complaint by the Association of British Airways Pensioners to the Pensions Regulator, as revealed by City A.M.<br /><br />The trustees&rsquo; spokesman said: &ldquo;They need to have a look at the situation to know where to go from here.&rdquo;<br /><br />All eyes will be on the 12-strong body charged with looking after BA&rsquo;s retirement scheme as actuaries report back on the size of the savings deficit, estimated to be &pound;3-4bn, by Christmas. If the trustees demand a higher annual contribution from BA &ndash; currently &pound;320m &ndash; Iberia may walk away from the deal.<br /><br />They are understood to have asked PricewaterhouseCoopers to help examine the effects of the merger.<br /><br />Gert Zonnevald, analyst at Panmure Gordon, said: &ldquo;Depending on the aggressiveness of the trustees, this may go to mediation.&rdquo;