Due to the continuing market turmoil triggered by the Government’s mini-budget, BA Pensions have published statements from both Trustees to reassure members that APS & NAPS pensions are not negatively affected. The APS article is shorter as the scheme has only minimal exposure to liability-driven investments and is protected to a large extent by insurance. The NAPS article goes into some more detail.
Neither scheme has been negatively affected nor have they been required to raise cash.
For convenience in reading, we have reproduced the statements below.