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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Average time to buyout drops to 4.4 years

Average time to buyout drops to 4.4 years

Barnett Waddingham finds average time to buyout for FTSE 350 DB schemes fell during February

Holly Roach
clock 17 March 2025 • 1 min read
Marshalls paves way to scheme surplus increase

Marshalls paves way to scheme surplus increase

Building materials firm says surplus has more than doubled over past 12 months

Jonathan Stapleton
clock 17 March 2025 • 1 min read
Partner Insight Video: Risk settlement for defined benefit pension schemes

Partner Insight Video: Risk settlement for defined benefit pension schemes

Leah Evans, partner at Aon
clock 14 March 2025 • 1 min read
Trustpilot