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

Access LGPS pool hits £50bn in assets under management

Access LGPS pool hits £50bn in assets under management

Pool also revealed it is working on private equity and private debt mandates

Holly Roach
clock 12 November 2024 • 1 min read
Buzz: Are you happy with the FCA's final dashboard rules?

Buzz: Are you happy with the FCA's final dashboard rules?

FCA dashboard rules, national lifetime savings plan and US election

Professional Pensions
clock 12 November 2024 • 1 min read
Aegon to launch commercial pensions dashboard

Aegon to launch commercial pensions dashboard

Comes after the FCA published its regulatory framework for dashboard service firms

Holly Roach
clock 11 November 2024 • 1 min read
Trustpilot