New Airways Pension Scheme to reach full funding four years early

James Phillips
clock • 2 min read

British Airways (BA) has pledged an extra £150m in annual deficit recovery contributions (DRCs) to the New Airways Pension Scheme (NAPS) over the next four years.

Agreeing the scheme's latest triennial valuation, dated 31 March 2018, BA now plans for the scheme to reach a fully funded position on a technical provisions basis by 2023, four years earlier than ...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

PPF sees DB aggregate surpluses fall by £2.2bn in August

PPF sees DB aggregate surpluses fall by £2.2bn in August

Lifeboat fund’s data shows total scheme assets fell by 1.9% while scheme liabilities fell by 2.2%

Martin Richmond
clock 09 September 2025 • 4 min read
UCU joins teacher unions calling for review of TPS pension age

UCU joins teacher unions calling for review of TPS pension age

Government urged to implement recommendation set out in 2011 Hutton Report

Martin Richmond
clock 08 September 2025 • 2 min read
DB surpluses hit record levels in August, XPS finds

DB surpluses hit record levels in August, XPS finds

Consultancy’s research finds aggregate DB scheme surplus rose by £50bn in the last year

Martin Richmond
clock 08 September 2025 • 1 min read
Trustpilot