BAA scheme goes from £40m surplus to £100m deficit
The BAA Airports Limited defined benefit pension scheme has seen its funding position worsen by more than £140m in the first three months of the year.
First quarter results for the company, which owns Heathrow and Stansted, showed the schemes funding level IAS19 basis had dropped from a surplus of £38.7m at the end of the 2011 to a shortfall of £103.3m...
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