Eddie Naylor, Sr. passed away. This is the full obituary where you can share condolences and memories. Published in the The Meridian Star on 2023-12-11.
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Thirty-Five Years Ago This Week: A convoy of approximately 20 tractors and trucks driven by Colorado farmers had just begun a three-day rally outside the Farm Credit Corporation of America’s
By Venilia Amorim2021-05-13T15:59:00+01:00
The BT Pension Scheme (BTPS) has published a plan to plug its £7.98bn (€9.3bn) deficit over the next 10 years, following its latest triennial valuation as of 30 June 2020.
The plan sponsor, BT, and the scheme’s trustees had agreed on a “pension valuation that provides an enduring solution for BT and the BTPS, enabling BT’s transformation and investment programmes and helping to protect the BTPS as it progresses towards a low risk long term investment strategy”, the scheme said.
The deficit repair plan was set in two parts:
£2bn of deficit to be met through an asset-backed funding (ABF) arrangement over 13 years with annual cash payments of £180m pa, secured against BT’s EE business;
BT fund’s in-house manager calls up new CIO
Effective Jan. 1, Mr. Francis replaced
Frank Naylor, who will retire on June 30. He will remain with the in-house manager of the £57 billion ($77.3 billion) BT Pension Scheme, London, until then to complete his projects, the spokeswoman said.
Mr. Francis was named deputy CIO in 2014 and will not be replaced, the spokeswoman added. He joined BTPSM in 2008 as head of investment risk. Wyn is uniquely placed to take the reins as CIO and has unparalleled knowledge of the unique challenges facing the scheme. We thank Frank for his long service to the scheme, for his significant contribution over the years and for his expertise, calm head and wise counsel, Morten Nilsson, CEO, said in a news release Wednesday.