Scheme news

Scheme funding update

Every year the Trustees of the AA Pension Scheme publish a Summary Funding Statement to tell you about the Scheme’s funding position.

The result as at 31 March 2024 showed the Scheme’s funding level stayed at around 88%, while the deficit decreased by approximately £20 million.

The AA is paying additional contributions to help make up the shortfall.

If you want to read more, take a look at the full update. In it you will find:

  • An update on how the Scheme’s assets compare to its liabilities.
  • Information on funding level changes.
  • Steps being taken to manage risks, maintain stability, and meet long‑term obligations.
  • Other helpful notices and reminders for members.

You can also read previous updates in the Document Library. If you have any questions about this update, or if you need more information and can’t find what you need on the Scheme website, please get in touch.