It takes a lot of cash to cover the essentials

A. Byrne, D. Harrison

Research output: Contribution to journalArticlepeer-review


News that BAE Systems, Europe's largest defence company, is close to a deal with its unions that would reduce its Pounds 2.8bn UK pension liability by Pounds 1.7bn has focused attention on the scale of the crisis in company pensions.
Original languageEnglish
Pages (from-to)22-22
Number of pages0
JournalFinancial Times
Issue number7
Publication statusPublished - 7 May 2005


  • pension and retirement plans
  • actuarial services
  • stock indexes
  • defence industry
  • pension funds
  • personal finance
  • accounting
  • UK

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