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
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
