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This document contains the annual report and financial statements for the New Airways Pension Scheme. It covers the funding status, investment strategies, governance, and the administration of the scheme for the financial year ending 31 March 2024. Key highlights include improvements in funding levels, changes in trustee governance, and detailed financial reporting.
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What is new airways pension scheme?
The New Airways Pension Scheme (NAPS) is a defined benefit pension scheme designed for employees of certain airlines in the UK, providing retirement benefits based on salary and years of service.
Who is required to file new airways pension scheme?
Employees of airlines participating in the New Airways Pension Scheme, as well as certain employers connected to the aviation industry, are required to file information regarding their contributions and benefits.
How to fill out new airways pension scheme?
To fill out the New Airways Pension Scheme application or forms, individuals must provide personal information such as name, address, National Insurance number, employment details, and pension contribution preferences.
What is the purpose of new airways pension scheme?
The purpose of the New Airways Pension Scheme is to provide financial security and retirement benefits to employees participating in the scheme, ensuring they receive a predictable income after retirement.
What information must be reported on new airways pension scheme?
Information that must be reported includes employee contribution amounts, employer contributions, changes in employment status, salary details, and any other relevant personal or financial information pertaining to the pension scheme.
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