BAE Systems will make a one-off contribution of nearly £1.1bn under a series of measures to tackle its £3.1bn pensions deficit.
It is also thought to be the first large UK company to link retirement age with life expectancy – a move expected to reduce its deficit by £166m. As an example, group finance director George Rose s...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date