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    Home»Deals»BlackRock takes over £21bn of BA pension scheme assets
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    BlackRock takes over £21bn of BA pension scheme assets

    June 2, 20211 Min Read
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    British Airways has handed the management of £21bn worth of pension assets to Blackrock in a bespoke deal between the airline and the asset manager. The agreement encompasses the assets directly under management for BA’s Airways Pension Scheme (APS) and New Airways Pension Scheme (NAPS), which serve 85,000 members and until now have been managed by an in-house provider.

    Roger Maynard, a trustees of both APS and NAPS, said: “Operating our in-house manager, British Airways Pension Investment Management, has delivered excellent investment performance and stewardship of the schemes over many years.

    “This agreement is the necessary next step in the evolution of the schemes as they look to enhance their respective investment strategies, working toward their funding goals. In BlackRock, we have identified an asset manager that will ensure the continued focus on delivering enhanced oversight, investment management and long-term value for the Schemes in the interests of our members.”

    Read more/Source: City A.M.

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