New Airways Pension Scheme to reach full funding four years early
British Airways (BA) has pledged an extra £150m in annual deficit recovery contributions (DRCs) to the New Airways Pension Scheme (NAPS) over the next four years.
Agreeing the scheme's latest triennial valuation, dated 31 March 2018, BA now plans for the scheme to reach a fully funded position on a technical provisions basis by 2023, four years earlier than previously...
More on Defined Benefit
Credit where credit is due
Cashflow driven investment strategies can provide a greater certainty of outcome, while also enhancing a scheme's risk management framework, says Schroders' head of fiduciary management Hannah Simons
Average regular pension withdrawal rate jumps from 4.7% to 5.9% - FCA
The average annual pension withdrawal rate jumped more than one percentage point between 2016/17 and 2017/18, according to the latest data from the Financial Conduct Authority (FCA).
Master trusts take too much risk in run-up to retirement, consultancy warns
The risk profiles of many default defined contribution (DC) master trusts need an overhaul as they are mishandling risk, according to Hymans Robertson.
USS members launch renewed assault on weapon investments
Members of the Universities Superannuation Scheme (USS) have relaunched their campaign pressing trustees to ditch weapon investments, arguing they need a "pension to be proud of".
Is the gilts market reaching breaking point?
Structural imbalances in the gilts market have worsened since the central bank's QE programme faced major setbacks. Supply is squeezed and prices are distorted, pushing down yields yet again. Stephanie Baxter asks if we should be worried.