Interesting comparisons between the CAA and NATS pension statements.The CAA have been very steady with 83% Government securities,15.7% Company shares,1% Commercial property and 0.3% in Cash etc.
This is about what I would expect having read articles about pension fund problems in the past.
NATS however is a competely different thing.
23% Government securities,70.4% Company shares,5.8% Commercial property,and 0.8% Cash etc.
This portfolio is at best,a very risky timebomb,and at worst a complete disaster.
Why the complete opposite? Well being someone who would like to think that NATS had my best interests at heart,
it would seem that they were investing it wisely at high risk.
However after 25 years+ I think that this was engineered by NATS to fail.Not bomb completely,but enough to get pension reform through,with a helping hand from pension holidays etc.
Prospect.Mr B gotcha, hook,line and sinker.You're now about as useful as my dog,and she costs less to feed per month.