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| Name | Symbol | Market | Type |
|---|---|---|---|
| Invesco Taxable Municipal Bond ETF | AMEX:BAB | AMEX | Exchange Traded Fund |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.02 | 0.08% | 26.24 | 26.2599 | 26.185 | 26.22 | 191,857 | 01:00:00 |
From May 2019 to May 2024
British Airways PLC (BAY.LN), an airline company, announced Thursday that the trustees of its Airways Pension Scheme or APS, have entered into an insurance transaction with Rothesay Life, covering 20% of pensioner liabilities worth GBP1.3 billion.
MAIN FACTS:
-The APS scheme has committed to pay Rothesay Life pre-determined cashflows.
-In exchange, Rothesay Life will make payments to APS matching 20% of the actual pension payments as they arise.
-The insurance transaction provides protection for longevity risk and provides a direct match for the pension cashflows in all inflation and interest rate scenarios.
-The transaction does not change contributions from British Airways and is consistent with the long-term aims of the scheme to reduce the reliance on the employer over time.
-Shares closed Thursday at 186.50 pence.
-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com
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