Is the money in the pension fund safe?
The pension Scheme monies are held in trusts. These trusts (APS
and NAPS)
are entirely separate from British Airways and BA
has no control
over the funds. That control is left to the Trustees. There are
separate boards of Trustees for APS and NAPS to reflect the fact that the
monies are held in separate funds and the membership profile of each Scheme
is different.
The
separate boards consist of 12 APS Trustees, 6 of whom have been elected by
the membership and 12 NAPS Trustees, 6 of whom have been elected by the membership.
