BAA scheme deficit falls by £98m in six months

Heathrow’s DB scheme sees deficit in first half of the year fall from £128m to £30m

Holly Roach
clock • 1 min read
Heathrow Airport. Credit: iStock
Image:

Heathrow Airport. Credit: iStock

The deficit of Heathrow’s defined benefit (DB) scheme, the £2.7bn BAA Pension Scheme, fell by £98m in the first six months of the year, its half-year results reveal.

Heathrow's results – published today (24 July) on the London Stock Exchange – revealed its DB scheme deficit reduced during the first half of the year to £30m from £128m at the end of December 2023...

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

Holly Roach
Author spotlight

Holly Roach

Deputy Editor at Professional Pensions

View profile
More from Holly Roach

DB schemes make further progress on funding, Broadstone finds

Harwich Haven Authority scheme completes £45m buy-in with Royal London

More on Defined Benefit

FTSE 100 DB scheme funding levels remain strong in December, LCP finds
Defined Benefit

FTSE 100 DB scheme funding levels remain strong in December, LCP finds

Consultancy’s analysis finds aggregate funding level saw a 10% increase over the last 12 months

Martin Richmond
Martin Richmond
clock 06 February 2026 • 1 min read
Endgame complexities may boost demand for professional trustees, Hymans says
Defined Benefit

Endgame complexities may boost demand for professional trustees, Hymans says

Firm says need for professional trustees may grow in short-term but could be ‘dampened’ in the long-term

Martin Richmond
Martin Richmond
clock 05 February 2026 • 2 min read
LGPS Central to launch pooled global credit fund
Defined Benefit

LGPS Central to launch pooled global credit fund

Capital Group, J.P. Morgan Asset Management and Neuberger Berman hired as managers.

Jonathan Stapleton
Jonathan Stapleton
clock 03 February 2026 • 2 min read
Trustpilot