British Airways has reached agreement with the trustees of the New Airways Pension Scheme and Airways Pension Scheme on a recovery plan to address its £3.7bn funding deficit.
The proposed deal - set to go before the Pensions Regulator on June 30 - maintains annual contributions at the current level of £330m, plus agreed annual increases in line with inflation expectatio...
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
