Pensions: The Unsolved Mysteries -
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Published on: 6/21/2006
Last Visited: 6/21/2006
Eric Hunt, group pension manager at BAA, the London-based international airport company, says his pension fund dropped its allocations in UK equities from 85% to 35% last year, and considered property, private equity and guaranteed products for the first time.Hunt said it was the best "funded" of all FTSE 100 corporate pensions in November 2003.
"Despite the stock market falls of recent years, the BAA scheme remains in modest surplus on its standard actuarial assumptions.We continue to review other asset classes, including alternatives, and will be looking very closely at 'financial engineering' solutions in the next three to six months," he told Financial Engineering News in early November.