BA plans to close scheme to accrual after deficit grows to £3.7bn

James Phillips
clock • 4 min read

British Airways (BA) will launch a consultation with members of its New Airways Pension Scheme (NAPS) on plans to close the scheme to future accrual.

The NAPS, which closed to new members in 2003 and has around 17,000 active members, has an actuarial deficit of around £3.7bn as of March this year, on the company's estimates. The company said ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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