BAA trustees seek buyout assurances

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TRUSTEES of the £1.5bn BAA pension scheme have sought assurances on members' benefits from Spanish construction firm Ferrovial which is bidding for the airport group.

BAA – which operates seven airports including Heathrow, Gatwick and Stansted – is the subject of a £8.75bn bid by Ferrovial. But under the new regulatory regime, trustees can approach The Pensions...

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