Messages from the APS & NAPS Trustees

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.

https://www.mybapension.com/aps/news/latest-news

https://www.mybapension.com/naps/news/latest-news

Neither scheme has been negatively affected nor have they been required to raise cash.

For convenience in reading, we have reproduced the statements below.