UK - British Telecom could be forced to raise its prices in an effort to close an estimated £5.9bn deficit in its £26.6bn scheme.
A source close to BT warned that prices will have to rise for it to be able to meet the shortfall.
The source said: “It is commonsense; if companies have to meet their pension scheme expenses, the money to meet those costs has got to come from somewhere.”
The admission comes after brewer Wolverhampton and Dudley was reported to have made plans to raise the prices of its beers by 10p a pint to meet its scheme shortfall.
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.