UK - BAe Systems has agreed to take on a major share of the costs needed to plug a £2.16bn deficit across its seven schemes.
Originally, the firm had suggested splitting the costs equally with staff members. But, its revised offer to meet 60% of the additional funding has now been approved by trustees. A memo to sc...
To continue reading this article...
Join Professional Pensions
- 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