BT to consult on DB future 'shortly' as deficit expected to double

James Phillips
clock • 2 min read

BT will launch a consultation with members over the future of its defined benefit (DB) scheme "shortly", potentially including plans to close the plan to future accrual.

Ending accrual in the BT Pension Scheme (BTPS), which has 32,100 active members, was initially reported as a possibility in May when the company approached trade unions with the idea. It is seen...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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