four two.
There has been a lot of mismanagement at BA. They have plundered the UK aviation scene since privatisation. The money has been squandered in maintaining their fortress and protecting their uneconomic work practices. Unfortunately they have allowed this sloppy way of managing the business to affect the way the pension fund is run as well. Most other big companies take their responsibilities to their staff (with reference to deferred pay)more seriously. Boots pension scheme for example is fully funded at the moment. Considering the hurdles imposed by government, like the fact that pension funds are not allowed to be more than 5% overfunded, and the general financial market problems of the last few years, Boots get top marks from me. BA is in the 'could do much better' category.