The BAA Airports Limited defined benefit pension scheme has seen its funding position worsen by more than £140m in the first three months of the year.
First quarter results for the company, which owns Heathrow and Stansted, showed the schemes funding level IAS19 basis had dropped from a surplus of £38.7m at the end of the 2011 to a shortfall of £...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
