BA deficit agreement set for regulator scrutiny

clock

British Airways will present plans for a restructure of its defined benefit schemes to The Pensions Regulator next month after it concluded talks with trade unions over its £3.7bn deficit.

The troubled airline - which suffered a pre-tax loss of £531m and is embroiled in a public spat with union Unite - said in February it was recommending a new benefit structure in a bid to reduce sc...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

PPF finds aggregate DB surplus fell by £13bn in April

PPF finds aggregate DB surplus fell by £13bn in April

Tariff uncertainty meant surplus fell for third month in a row to £202.5bn

Jasmine Urquhart
clock 13 May 2025 • 1 min read
FTSE 100 DB scheme funding levels remain high in April, LCP finds

FTSE 100 DB scheme funding levels remain high in April, LCP finds

Consultancy’s Pensions Explorer shows surpluses dipped during month of market volatility

Martin Richmond
clock 13 May 2025 • 2 min read
Partner Insight: Active run-on - A new endgame strategy for defined benefit schemes

Partner Insight: Active run-on - A new endgame strategy for defined benefit schemes

Aon
clock 13 May 2025 • 1 min read
Trustpilot