Blackrock takes over BA Pension Scheme Assets

11 June 2021by Baycrest Wealth

 

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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#NAPS #pilotslife #pilot #aviation #retirement #britishairways #pensions #financialservices #wealthmanagement

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Nexus Global EU is a division of Blacktower Financial Management (Cyprus) Limited (BFMCL) and Blacktower Insurance Agents & Advisors Ltd (BIAAL). Iain McKay T/A Baycrest Wealth is an Appointed Representative of BFMCL which is licensed and regulated by the Cyprus Securities & Exchange Commission (CySEC) – Licence No. 386/20. Iain McKay T/A Baycrest Wealth is an Appointed Representative of BIAAL which is licensed and regulated by the Insurance Companies Control Service (ICCS) – Licence No. 5101.

Baycrest WealthFinancial Advisors
As a truly independent financial advisory business we are not tied in to any particular institutions or funds so can offer you something genuinely tailor-made to suit your specific circumstances and requirements.
OUR LOCATIONWhere to find us?
https://baycrestwealth.com/wp-content/uploads/2020/11/img-footer-.png

Baycrest Wealth
Urbanización La Alzambra
Oficina Nº 2
Nueva Andalucia 29660
Malaga
Spain

GET IN TOUCHWe would love to hear from you!
Call, email or get social with Baycrest.

The financial advisers trading under Baycrest Wealth are members of Nexus Global (IFA network). Nexus Global is a division of Blacktower Financial Management (International) Limited (BFMI). All approved members of Nexus Global are appointed Representatives of BFMI. BFMI is licensed and regulated by the Gibraltar Financial Services Commission (FSC) and bound by the rules under licence number 03647.

Nexus Global EU is a division of Blacktower Financial Management (Cyprus) Limited (BFMCL) and Blacktower Insurance Agents & Advisors Ltd (BIAAL). Iain McKay T/A Baycrest Wealth is an Appointed Representative of BFMCL which is licensed and regulated by the Cyprus Securities & Exchange Commission (CySEC) – Licence No. 386/20. Iain McKay T/A Baycrest Wealth is an Appointed Representative of BIAAL which is licensed and regulated by the Insurance Companies Control Service (ICCS) – Licence No. 5101.

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©2020 Baycrest Wealth. All rights reserved.