British Airways

British Airways has reached agreement with the trustees of the New Airways Pension Scheme and Airways Pension Scheme on a recovery plan to address its £3.7bn funding deficit.

UK - British Airways has reached an agreement with the trustees of the New Airways Pension Scheme and Airways Pension Scheme on a recovery plan to address its £3.7bn (US$5.4bn) funding deficit.

British Airways has reached agreement with the trustees of the New Airways Pension Scheme and Airways Pension Scheme on a recovery plan to address its £3.7bn funding deficit.

British Airways will present plans for a restructure of its defined benefit schemes to The Pensions Regulator next month after it concluded talks with trade unions over its £3.7bn deficit.

UK - British Airways will present plans for a restructure of its defined benefit schemes to The Pensions Regulator next month after it concluded talks with trade unions over its £3.7bn (US$5.3bn) deficit.

The pension scheme of nearly one-in-10 FTSE100 companies represents a "material risk" to its business, Pension Capital Strategies research reveals.

Aviva will pump £365m into its staff pension scheme in a bid to tackle its £2.7bn deficit.

UK - Aviva will pump £365m (US$540bn) into its staff pension scheme in a bid to tackle its £2.7bn deficit.

British Airways' resolution with unions over its £3.7bn deficit is encouraging but will not solve the problem in the long term, industry experts warn.

UK - British Airways' resolution with unions over its £3.7bn (US$5.7bn) deficit is encouraging but will not solve the problem in the long term, industry experts warned.