The High Court has found in favour of a county council in a battle with a contractor over £6.5m in exit credits, a ruling legal experts say provides much-needed clarity over regulations that have given rise to several legal disputes.

This week – a change to what is considered excessive in NHS pay, BlackRock takes over British Airways' pension schemes, a surprisingly controversial review of TfL pensions, and the importance of trustees' understanding of liquidity risks.

The trustees of the British Airways pension schemes have signed a deal with BlackRock that places the investment management company in charge of more than £21bn worth of assets.

The government is to amend regulations to the NHS Pension Scheme that has seen hundreds of employers, including GPs, hit with charges for staff members who are in the last three years prior to retirement, which could amount to hundreds of thousands of pounds.

The University and College Union is to decide “in the coming days” whether to press ahead with industrial action after its newly released 'benefits modeller', aiming to show how much members stand to lose under controversial proposals by the Universities Superannuation Scheme, was dismissed by employer representatives.

On the go: Trustees need to improve their understanding of liquidity risks and do more to monitor and mitigate against them, the Pensions Regulator has said.

Podcast: Quietroom development lead Joe Craig and Taylor Wessing senior associate Hadassah Shulman discuss the implications of the McCloud remedy for police officers, simpler annual statements, and the government’s anti-scam proposals.

On the go: The Pensions Regulator has called for the pensions industry to give its views on the application of new contribution notice tests stemming from the Pension Schemes Act.

This week – DWP’s DC charging structure riles master trusts, TPR unveils its latest annual funding statement, new bill that allows DWP to loan money to the PPF, and the BMA’s move to exclude members from the planned pension age hike.

The Pensions Regulator has used its latest annual funding statement to call for trustees to remain vigilant of weakening employer covenants and corporate activity, while laying out guidance on how to approach scheme valuations under the current challenging conditions brought by the pandemic.