BT shares fell 5p to £252.5p yesterday after fears were raised that its £38bn pension fund would need a further cash injection following equity market falls.
Morgan Stanley said the fund could need a cash injection on top of the £850m that was paid into the fund last autumn. Dresdner Kleinwort estimated the fund had seen a £2.1bn surplus in September...
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