NEGOTIATIONS between unions and management at British Airways over a £2.1bn deficit in the firm's pension scheme are continuing despite hopes a resolution would be found this week.
Talks have failed to resolve the ongoing financial crisis despite an earlier agreement from BA to boost the fund with an £800m lump sum plus a £50m annual cash injection for the next three years. ...
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
