BBA Aviation has revealed it has closed its UK defined benefit (DB) scheme to future accrual, following a consultation with members.
The decision to close the BBA Income and Protection Plan (IPP), agreed on 31 May, was announced in the company's interim report published on 2 August. Members of the IPP will now be enrolled int...
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