BA Pensions suspends transfer values for all active members

The decision, which applies to both the New Airways Pension Scheme (NAPS) and the Airways Pension Scheme (APS), is to "protect the service levels" BA Pensions provides to members while it consults on the proposed closure of NAPS. In a statement to members, the schemes' administrators said all active members would be affected - barring those needing a transfer value for divorce purposes - to ensure high standards during a busy period. "There is no requirement to provide a transfer value to members who are still building up benefits in the scheme, although we have, until now, provided t...