Eversheds Sutherland joins magic circle duo on British Airways £4bn pension deal

The deal with BA-sponsored Airways Pension Scheme (APS), which closed in the 1980s, will cover historic pension payments at the airline

Clifford Chance (CC), Eversheds Sutherland and Allen & Overy (A&O) have checked in on insurance company Legal & General’s £4bn pension buy-in of a British Airways (BA) scheme that will cover historic pension liabilities for the airline company.

Airways Pension Scheme (APS), which closed in the 1980s, is made up of about 24,000 members, 200 of who still work for BA.

This premium content is reserved for
Legal Week Subscribers.

Subscribe today to get ALL ACCESS!

A premium subscription gives you access to all articles and provides:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM’s unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week’s UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor’s Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site’s full archive of more than 56,000 articles

Subscribe Now For All Access

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651