BT

BT has reduced its pension scheme deficit by £1.4bn after it increased assets by £2.7bn last year.

The defined benefit section of the recently formed Cable & Wireless Worldwide Retirement Plan has £136m deficit, end of year results show.

UK/GLOBAL - The defined benefit section of the recently formed Cable & Wireless Worldwide Retirement Plan has £136m (US$195.8m) deficit, end of year results show.

The pension scheme of nearly one-in-10 FTSE100 companies represents a "material risk" to its business, Pension Capital Strategies research reveals.

UK - British Telecom has reported a £2.8bn (US$4.1bn) increase in its net pension deficit on an IAS19 basis.

BT has reported a £2.8bn increase in its net pension deficit on an IAS19 basis.

Aviva will pump £365m into its staff pension scheme in a bid to tackle its £2.7bn deficit.

UK - Aviva will pump £365m (US$540bn) into its staff pension scheme in a bid to tackle its £2.7bn deficit.

Last week, the department for work and pensions published a note for employers detailing the risk-sharing options available under current legislation.

Sebastian Cheek previews the March 4 edition of Professional Pensions.