BT Pension Scheme, London, commissioned actuary Watson Wyatt Worldwide to run an asset-liability study for the £30 billion ($43.4 billion) plan, said Colin Hartridge-Price, chief pensions officer. The last study was done about six years ago, he said.
The fund has a relatively mature membership profile but has a high exposure — 80% of plan assets — in U.K. equities. Fixed income accounts for 9% of plan assets, and the balance is in real estate. The study will be presented to plan trustees Nov. 22.
