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

Slew of potential superfund providers in talks with TPR as DB enters 'defining period'

Slew of potential superfund providers in talks with TPR as DB enters 'defining period'

Watchdog expects three applications and is in early talks with ‘half a dozen’ other providers

Jonathan Stapleton
clock 27 March 2026 • 2 min read
Partner Insight: Behind the numbers - What defined benefit members really think

Partner Insight: Behind the numbers - What defined benefit members really think

Claire Altman, Managing Director – Pension Risk Transfer & Individual Retirement at Standard Life
clock 27 March 2026 • 5 min read
PIC completes £200m acquisition of build-to-rent development in Reading

PIC completes £200m acquisition of build-to-rent development in Reading

Insurer expands build-to-rent portfolio with acquisition of Ebb & Flow development

Martin Richmond
clock 26 March 2026 • 1 min read
Trustpilot