UK - The £27bn British Telecommunications (BT) pension fund has almost cut its deficit by half, according to preliminary figures issued by the firm.
Under new accounting standard FRS17 the fund calculated a deficit of £1.8bn for year ending March 2002 - a reduction of nearly 50% on the £4bn level estimated last September. BT attributed the r...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
