Iberia will merge with British Airways after the Spanish airline's board of directors gave the green light to its 16-year deficit recovery plan.
The longevity risk transfer market continues to grow exponentially with UK longevity and risk deals set to exceed £10bn by the end of the year, Hewitt Associates says.
The British Airways Pension Fund has made a fresh allocation to City of London real estate as it believes the sector is well positioned in the current cycle.
UK - The British Airways Pension Fund has made a fresh allocation to City of London real estate as it believes the sector is well positioned in the current cycle.
The pensions buyout market is likely to see more than £10bn of deals completed this year, Pensions Capital Strategies says.
Ten FTSE100 companies have total disclosed pension liabilities greater than their equity market value, Pension Capital Strategies research shows.
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British Airways deal with its scheme trustee over how to plug its £3.7bn deficit has been approved by The Pensions Regulator.
UK - British Airways' deal with its scheme trustee over how to plug its £3.7bn deficit has been approved by The Pensions Regulator.
One of British Airways' two pension schemes has insured £1.3bn of pensioner liabilities in a buy-in deal with Rothesay Life.