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...

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