BAE to inject £1bn into restructured pension scheme

Hope William-Smith
clock • 1 min read

BAE Systems will make a one-off payment of £1bn into its pension scheme “in the coming months” to plug a £1.9bn hole.

The Farnborough-headquartered defence and security giant hailed 2019 as "a year of significant progress" in year-end results announced today (20 February) to be rounded off with a new deal for its ...

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

Partner Insight: What is driving DB scheme costs?

Partner Insight: What is driving DB scheme costs?

Cost pressures have long been part of the defined benefit (DB) landscape, but the findings from the TPT DB Trustee Pulse 2026 suggest their role may be evolving.

TPT Retirement Solutions
clock 18 September 2026 • 1 min read
Poor member comms could delay buyouts, Hymans says

Poor member comms could delay buyouts, Hymans says

Poor communications can lead to complaints, member confusion and delayed transactions

Alex Levy
clock 17 September 2026 • 2 min read
Thousands of DB schemes will run until 2035, say pension professionals

Thousands of DB schemes will run until 2035, say pension professionals

Poll of 400 industry professionals reveals changing outlook for the sector

Alex Levy
clock 04 September 2026 • 1 min read
Trustpilot