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Should I move my British Airways pensions to the teacher s scheme?
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UK Parliament
Have your say on the Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill
9 June 2021 2021
Do you have relevant expertise and experience or a special interest in the Compensation (London Capital & Finance plc and Fraud Compensation Fund) Bill 2021-22, which is currently passing through Parliament?
If so, you can submit your views in writing to the House of Commons Public Bill Committee which is going to consider this Bill.
The first sitting of the Public Bill Committee is expected to be on Tuesday 15 June. Written evidence can now be sent in to the Public Bill Committee which will be set up when the Bill is re-presented to the House in the new Session. The Committee is scheduled to report by Thursday 17 June.
People moves: GSAM hires FRC s stakeholder engagement director | News
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Tuesday 20 April 2021 7:40 am BA looks set to recover from Covid crisis, so why are its 40-something pilots giving up their gold-plated pensions?
In turbulent times, when the future of a company is being called into question, it is not uncommon for staff to transfer out of their employer’s defined benefit (DB) pension scheme, if they have one.
Although seen as “gold-plated”, some DB scheme members worry about their scheme falling to the pension lifeboat fund, and that they will lose money as a result.
This has been the case at British Airways in recent months. Pilots in particular have been transferring out of the scheme for a number of years and for a variety of reasons, however in the last year, when the coronavirus hit airlines particularly hard, the viability of the company became another factor for those considering transferring away from the pension.