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

Jonathan Stapleton
clock

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 ...

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 Industry

CMI data shows record low death rates in 2024

CMI data shows record low death rates in 2024

Mortality was nearly 4% lower in 2024 compared to the previous year

Holly Roach
clock 16 January 2025 • 1 min read
UK economy swings back to 0.1% growth in November 2024

UK economy swings back to 0.1% growth in November 2024

Real GDP showed no growth in the three months to November

Cristian Angeloni
clock 16 January 2025 • 3 min read
Government warned against 'hazardously ambitious' LGPS proposals

Government warned against 'hazardously ambitious' LGPS proposals

The industry responds to the government’s consultation on the future of the LGPS

Holly Roach
clock 16 January 2025 • 7 min read
Trustpilot