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 t...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
