Heathrow agrees extra £27m to plug DB scheme's £300m deficit

Stephanie Baxter
clock

Heathrow has agreed to spend an extra £3m annually over nine years until 2023 to plug the £300m deficit of its defined benefit (DB) pension scheme.

LHR Airports has increased its annual deficit recovery payment from £24m to £27m until 2023 following the conclusion in January of the scheme's triennial valuation. The employer also committed to c...

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

Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 04 April 2025 • 1 min read
Tender Watch: Holcim appoints XPS Group and LPPA partners with Hackney Pension Fund

Tender Watch: Holcim appoints XPS Group and LPPA partners with Hackney Pension Fund

Holcim schemes appoint XPS for FM mandate and LPPA partners with Hackney Pension Fund

Professional Pensions
clock 03 April 2025 • 1 min read
Caravan and Motorhome Club scheme transitions to Standard Life plan

Caravan and Motorhome Club scheme transitions to Standard Life plan

Contract sees scheme join firm’s Group Flexible Retirement Plan

Jasmine Urquhart
clock 02 April 2025 • 1 min read
Trustpilot