British Airways has handed over £21 billion of it´s pension scheme assets in APS (Airways Pension Scheme) and NAPS (New Airways Pension Scheme) to Blackrock. In recent years, regulation of pension schemes has intensified, operational costs have risen, and investment complexity has increased. Both APS and NAPS are closed to new contributions. Pilots in particular have looked into transferring out of BA’s schemes in recent years, with the coronavirus, and fears the airline – and subsequently the pension – could collapse due to pressure on the aviation industry. With more options now available via the partial transfer route, pilots and crew can achieve both flexibility and security with their retirement provision. If this could be of benefit to you, please feel free to get in touch for a no obligation chat.
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