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

DB endgame strategies 'not yet set in stone'

DB endgame strategies 'not yet set in stone'

WTW finds 57% of schemes plan to review their endgame strategy in the next two years

Martin Richmond
clock 28 May 2026 • 5 min read
DB scheme covenant risk rising due to global volatility, LCP finds

DB scheme covenant risk rising due to global volatility, LCP finds

Survey shows 49% of respondents say covenant risk has risen over the last 12 months

Martin Richmond
clock 28 May 2026 • 1 min read
Amount of extractable DB surplus likely to be below expectations, PPI says

Amount of extractable DB surplus likely to be below expectations, PPI says

Institute’s report says scale of surplus accessible remains ‘uncertain’

Martin Richmond
clock 27 May 2026 • 4 min read
Trustpilot