Reheat,
Thanks for your FRS17 deficit numbers from the annual accounts.
If I can refer to my second point first, regarding the use of different mortality tables for the 2003 actuaries valuations of APS and NAPS by Watson Wyatt.
If you go to
www.mybapension.com homepage, and click on "scheme documents" on the right hand side, you should get a list of pdf files. Compare the "NAPS full valuation 2003" report page 9, point 4.3 with the "APS full valuation report 2003" page 6, points 4.2 4.3 and 4.4, you will see the difference between the mortality table used (1992 in APS and 1980 in NAPS). Both valuations were signed off on 18th Nov 2003 and yet use different data.
This is highlight by John Ralfe on page 7 of his 03 Nov 2005 report "Corporate Pensions : Spotlight on British Airways" published as Volume 21 on the RBC Open Forum Notes.
If you forgive me, I will come back to my first point late this evening as I need to get some more reference and also don't want to make this post too long.
Regards,
Tim Byatt