Balfour Beatty scheme reveals 'phased withdrawal' from growth assets

Move comes ahead of triennial valuation this year and posting of IAS 19 surplus

Jonathan Stapleton
clock • 2 min read
Balfour Beatty was a contractor on the Kinardochy overhead line project. Source: iStock
Image:

Balfour Beatty was a contractor on the Kinardochy overhead line project. Source: iStock

Balfour Beatty has posted its full year results – revealing a fall in the surplus of its main pension scheme.

The infrastructure and construction group said the IAS 19 valuation of Balfour Beatty Pension Fund (BBPF) showed its surplus had fallen from £101m at 31 December 2023 to £43m at the end of last yea...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Aggregate DB surplus increases to £273.7bn in February

Aggregate DB surplus increases to £273.7bn in February

PPF 7800 index finds funding ratio decreased slightly to 130.8%

Jasmine Urquhart
clock 10 March 2026 • 2 min read
New: DB endgame research reveals the challenges trustees face today

New: DB endgame research reveals the challenges trustees face today

Professional Pensions
clock 10 March 2026 • 1 min read
Mixed fortunes for DB scheme funding levels in February, Broadstone finds

Mixed fortunes for DB scheme funding levels in February, Broadstone finds

Consultancy’s Sirius Index shows fully-hedged scheme funding level rose by 1.1 percentage points last month

Martin Richmond
clock 09 March 2026 • 1 min read
Trustpilot