BA proposals set to help clear £1.4bn deficit

clock

BRITISH Airways is to raise the retirement age of its staff from 55 to 65 in a bid to clear its £1.4bn deficit.

The proposed changes to the airline’s New Airways Pension Scheme, announced today, also included putting a cap on pension increases on retirement and a introducing a slower accrual rate. BA said...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: ESG is critical element for real asset investors

Partner Insight: ESG is critical element for real asset investors

Real asset investors continue to favour environmental, social and governance factors, especially sustainability in real estate, according to Aviva Investors’ Real Assets Study 2024.

Aviva
clock 26 April 2024 • 1 min read
 Stories of the week: TPR funding statement; DWP; PIC

Stories of the week: TPR funding statement; DWP; PIC

TPR publishes DB funding statement; DWP 'remains committed' to AE expansion; PIC launches buyout solution

Sarka Halas
clock 26 April 2024 • 1 min read
Partner Insight: Investors are upbeat on real assets even as interest rate path remains uncertain

Partner Insight: Investors are upbeat on real assets even as interest rate path remains uncertain

Investors expect good returns from real assets this year, especially in real estate equity and infrastructure, according to Aviva Investors’ Real Assets Study 2024.

Aviva
clock 25 April 2024 • 2 min read
Trustpilot