BT suffers 63% rise in scheme deficit following discount rate reduction

Jonathan Stapleton
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BT has seen its pension deficit rise by 63% in just six months as a result of a reduction in the discount rate used for its IAS19 valuation.

In its results for the second quarter and half year to 30 September - published today - the telecommunications firm revealed its net IAS19 deficit had risen from £1.9bn at 31 March to £3.1bn at 30 ...

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