BT scheme seeks £1bn plug

clock

Officials at the £29bn British Telecoms Pension Scheme are seeking £1bn worth of "special payments". But they warn it may not be enough to plug the scheme's shortfall.

In the last 12 months the financial situation of the scheme has worsened by almost 50pc and officials fear the shortfall could get larger. A BT spokesman warned: “While BT is paying £200m a year to...

To continue reading this article...

Join Professional Pensions

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Global

Multi-sector credit: Flexibility amid shifting markets

Better long-term results for investors may be possible through a multi-sector approach to credit, says PIMCO.

Sonali Pier and Eve Tournier, PIMCO
clock 11 April 2019 • 6 min read

Megatrends: Understanding the tech revolution

Partner Insight: How have companies like Amazon contributed to the megatrend tech revolution?

Hardeep  Tawakley
clock 10 September 2018 • 1 min read

Are megatrends simply hype or a serious investment opportunity?

Partner Insight: From climate change, to AI, investors are increasingly turning to different themes in order to generate an income. But which megatrends are a viable long-term investment opportunity?

Hardeep  Tawakley
clock 28 August 2018 • 2 min read
Trustpilot