BT deficit widens by £3bn as rates fall

Michael Klimes
clock • 1 min read

The funding deficit in the BT pension scheme has grown by almost £3bn according to the latest summary funding statement.

Between 30 June 2014 and 30 June 2015 the funding shortfall increased from £7bn to nearly £10bn due to a fall in long-term interest rates which increased liabilities. This was despite positive i...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Tender Watch: Holcim appoints XPS Group and LPPA partners with Hackney Pension Fund

Tender Watch: Holcim appoints XPS Group and LPPA partners with Hackney Pension Fund

Holcim schemes appoint XPS for FM mandate and LPPA partners with Hackney Pension Fund

Professional Pensions
clock 03 April 2025 • 1 min read
Think tank makes series of recommendations for DB surplus extraction

Think tank makes series of recommendations for DB surplus extraction

SMF’s report reveals potential benefits are ‘large’, but much ‘remains unknown’

Holly Roach
clock 02 April 2025 • 4 min read
XPS issues funding and investment guide for DB schemes

XPS issues funding and investment guide for DB schemes

Six-part series covers long-term strategy, covenant, investments and valuations

Jasmine Urquhart
clock 31 March 2025 • 1 min read
Trustpilot