BAE Systems' DB deficit hits £3.7bn

clock

BAE Systems' UK pension deficit has edged up to £3.7bn after liabilities increased by £387m in the past six months due to changes in assumptions.

In its half yearly report, published today, the arms and aerospace company revealed its deficit had risen from £3.4bn as at December 2010, despite contributions of £160m over the period. The com...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB transfer compensation projected to continue to fall in Q3 2026

DB transfer compensation projected to continue to fall in Q3 2026

Broadstone says firms must ‘remain diligent’ and assess each claim ‘on its own merit’

Martin Richmond
clock 02 July 2026 • 2 min read
Industry intends to implement DB surplus flexibilities, XPS finds

Industry intends to implement DB surplus flexibilities, XPS finds

Poll finds 58% of pension professionals intend to adopt new surplus flexibilities

Martin Richmond
clock 29 June 2026 • 2 min read
Run-on strategies creating 'safe harbour' opportunity for smaller schemes

Run-on strategies creating 'safe harbour' opportunity for smaller schemes

Zedra says current market presents a ‘valuable’ opportunity for smaller schemes

Martin Richmond
clock 29 June 2026 • 1 min read
Trustpilot