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

More on Defined Benefit

Industry warns DB surplus framework could be 'unnecessarily burdensome'

Industry warns DB surplus framework could be 'unnecessarily burdensome'

Industry says clarity needed and regulations must be as practical as possible

Martin Richmond
clock 27 August 2026 • 6 min read
Industry bodies welcome DWP's consultation on surplus flexibilities

Industry bodies welcome DWP's consultation on surplus flexibilities

Industry experts say guidance on surplus flexibilities must ‘strike the right balance’

Martin Richmond
clock 27 August 2026 • 6 min read
Most DB schemes keeping surplus options open, research finds

Most DB schemes keeping surplus options open, research finds

Aon finds 76% of schemes intending to run on have not agreed how to share surplus

Martin Richmond
clock 26 August 2026 • 4 min read
Trustpilot