BAA Pension Scheme posts funding improvement after discount rate rise

Heathrow Airport scheme deficit now stands at £99m, down from £128m at end of 2023

Jonathan Stapleton
clock • 1 min read
Heathrow Airport. Credit: iStock
Image:

Heathrow Airport. Credit: iStock

Heathrow Airport has published its final results for the year ended 31 December 2024 – unveiling an IAS 19 deficit of £99m.

The airport company said its defined benefit (DB) scheme – the BAA Pension Scheme – had seen its funding improve from 95.6% at the end of 2023 to 96.2% at the end of last year, seeing its deficit f...

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: Understanding pension captives

Partner Insight: Understanding pension captives

AON
clock 18 August 2025 • 1 min read
Partner Insight: Navigating credit allocations for buy-in - why Getting it right matters now

Partner Insight: Navigating credit allocations for buy-in - why Getting it right matters now

Lucy Barron, Investment Partner, Aon
clock 13 August 2025 • 3 min read
PPF 7800 funding position up £10.6bn this month

PPF 7800 funding position up £10.6bn this month

Funding ratio rises to 127.7% on a section 179 basis after long-dated bond yields increased

Jasmine Urquhart
clock 12 August 2025 • 2 min read
Trustpilot