BAE Systems resolves scheme crisis with £1.1bn one-off contribution - UPDATED

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BAE SYSTEMS will make a one-off contribution of nearly £1.1bn under a series of measures to tackle its £3.1bn pensions deficit.

It is also thought to be the first large UK company to link retirement age with life expectancy – a move that is expected to reduce its deficit by £166m. As an example, group finance director Georg...

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