SRC Wealth Management | a Chartered Financial Planning company that provides specialist advice on defined benefit pension transfers

British Airways shuts DB scheme

09-Dec-2017

British Airways has decided to shut its defined benefits pension scheme. The scheme closed to new joiners in 2003 but existing members have benefited from further pension accrual until now. BAs' DB scheme has a significant deficit that the company has unsuccessfully tried to plug in recent years. BA Pensions has temporarily suspended providing transfer values for active members to protect service levels.

Go Back

About

Financial advice does not need to be complicated, in fact we’ve found that some of the best solutions are often the most simple.

That’s not to say that every situation we deal with has an easy answer, but we always start with that principle in mind.

Get In Contact

4 Lords Court
Cricketers Way
Basildon
Essex
SS13 1SS

T: 01268 280096
F: 01268 521202

E: info@srcfinancial.com
W: www.srcfinancial.com