UK - The BBC's pension plan is set to conclude its asset liability study in the third quarter, according to Peter Dunscombe, investment advisor to the fund.
Dunscombe said that the £6.5bn scheme will begin an actuarial valuation in March, and that it would be completed by July. The asset liability study will be completed during the course of the third quarter, he said. No action will be taken until the study is complete, and Dunscombe refused to speculate on the possible outcome.
The scheme is advised by Watson Wyatt.
The last action that the scheme undertook was back in November, when it removed £680m from Schroder Investment Management, and distributed it between two existing and two new managers.
By Geoffrey Ho