From: "Tim" 
Newsgroups: uk.finance
Subject: Re: BA Pension Scheme
Date: Sun, 10 Jul 2005 12:00:11 +0000 (UTC)

"Fergus O'Rourke" wrote
> I see that this scheme has a deficit of £1.5 billion.

On what basis?  - Ongoing? / Buy-out? [MFR (or SFO) ?!] ...

"Fergus O'Rourke" wrote
> How was this allowed to happen ?
>
> Did the company take a "contribution holiday",
> or worse, withdraw "surplus" from the fund ?

Or was the valuation basis simply changed?

"Fergus O'Rourke" wrote
> Why have contributions not been increased ?

Perhaps they were already sufficient?

"Fergus O'Rourke" wrote
> Do we blame the actuaries or the executives ?

Or blame the government/regulators (DWP) changing imposition of reporting
bases?