BT will pay £1.5bn into DB scheme by April to tackle £7bn deficit

Stephanie Baxter
clock

BT will pay £1.5bn into its defined benefit (DB) pension scheme by April to tackle a £7bn deficit as part of an agreed recovery plan with the trustees.

The telecoms giant announced the results of its 2014 triennial funding valuation results today and laid out a 16-year recovery plan. Over the next three years BT will pay a total of £2bn into th...

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 Risk Reduction

Clarks Footwear scheme secures £540m buy-in deal with PIC

Clarks Footwear scheme secures £540m buy-in deal with PIC

Second deal between PIC and the scheme means all its DB liabilities are now insured

Holly Roach
clock 07 January 2025 • 2 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 07 January 2025 • 1 min read
Run-on, self-sufficiency or buyout? How to prepare for your long-term endgame

Run-on, self-sufficiency or buyout? How to prepare for your long-term endgame

What is the right long-term objective for pension schemes?

Professional Pensions
clock 06 January 2025 • 20 min read
Trustpilot