BT scheme shortfall hits £2.9bn

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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...

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