BRITISH AIRWAYS has slashed its pension deficit after paying another instalment of a huge cash injection into its New Airways Pension Scheme.
The company paid £560m into the scheme in April – the final part of an £800m injection into the scheme. The airline said the pension deficit had now been halved from £2.1bn earlier in the year to just...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.