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

Partner Insight: Asset strategies that deliver - lessons from 2025 buy-in projects

Partner Insight: Asset strategies that deliver - lessons from 2025 buy-in projects

Chris Hodgson, Associate Partner, Aon
clock 27 November 2025 • 5 min read
Partner Insight: Buy-in vs. run-on - navigating risk and cost in light of DB surplus reforms

Partner Insight: Buy-in vs. run-on - navigating risk and cost in light of DB surplus reforms

Standard Life findings underscore uncertainty around DB surplus changes

Jack Hill, Director of Defined Benefit Solutions – Standard Life
clock 27 November 2025 • 3 min read
Budget 25: PPF and FAS members to get pre-97 inflation protection

Budget 25: PPF and FAS members to get pre-97 inflation protection

CPI-linked protections capped at 2.5% a year and will come into effect in January 2027

Martin Richmond
clock 26 November 2025 • 4 min read
Trustpilot