BT scheme shortfall hits £2.9bn

clock

BT is to make pension contributions of £525m a year for the next three years to reduce its £2.9bn deficit, preliminary results reveal.

The telecoms group said the £29.3bn scheme was £2.9bn in deficit (£4bn gross of tax) at March 31, compared with a surplus of £2bn last year. The results said the market value of the defined benef...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

PPF 7800 aggregate surplus rises by £5.3bn in May

PPF 7800 aggregate surplus rises by £5.3bn in May

Lifeboat fund’s index shows surplus increased to £263.8bn by the end of last month

Martin Richmond
clock 09 June 2026 • 4 min read
New PP research shows investment governance is under pressure

New PP research shows investment governance is under pressure

The Cost of Comfort: Rethinking Investment Governance in a New Era of Endgame

Professional Pensions
clock 09 June 2026 • 1 min read
DB scheme funding levels remain steady in May, Broadstone finds

DB scheme funding levels remain steady in May, Broadstone finds

Sirius Index shows growth-focused scheme funding level increased by 0.5% last month

Martin Richmond
clock 04 June 2026 • 1 min read
Trustpilot