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

Geopolitical volatility makes covenant reliability an important focus for trustees

Geopolitical volatility makes covenant reliability an important focus for trustees

Trustees urged to understand importance of robust stress testing and regular monitoring

Jonathan Stapleton
clock 08 April 2026 • 3 min read
Partner Insight: DB endgames and surplus – A strategic crossroads for UK schemes

Partner Insight: DB endgames and surplus – A strategic crossroads for UK schemes

James Patten, Partner, UK DB Endgame Strategy Team and Lucy Barron, Partner, Head of Investment Endgame at Aon
clock 08 April 2026 • 3 min read
Quality member experience vital for DB schemes to avoid 'poorer member outcomes'

Quality member experience vital for DB schemes to avoid 'poorer member outcomes'

Hymans research finds over a quarter of DB members lack confidence to make decisions about their pension

Martin Richmond
clock 07 April 2026 • 2 min read
Trustpilot