The increased deficit of the BAA defined benefit scheme has contributed to the airport operator's pre-tax losses of £784.7m, results show.
BAA reported an exceptional charge of £261.7m against its share of the group's DB pension scheme deficit. The results said the increase in scheme the deficit between December 31, last year and S...
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
