BT agrees 17 year recovery plan to tackle £9bn deficit
British Telecom has agreed a 17-year recovery plan with its trustees in an attempt to tackle a £9bn deficit.
BT and the trustee of the BT Pension scheme announced their agreement on the triennial actuarial funding valuation and recovery plan this morning - revealing a near-tripling in the pensions deficit since...
More on Defined Benefit
Justin Corliss: Making the case for partial DB transfers
Half-way house
A Covid-19 tax relief raid could exacerbate generational pensions divide
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Trustees told to step up as FCA contingent charging ban takes effect
Trustees are set to have an increased duty of care to ensure employees and members make informed choices when accessing their pension, according to Wealth At Work.
Family Building Society DB scheme moves into TPT master trust
The Family Building Society’s 250-member defined benefit (DB) scheme has transferred into TPT Retirement Solutions’ master trust, DB Complete.
Extra employer rooted in botanical scheme following TPR intervention
A second employer has been appointed to stabilise the National Institute of Agricultural Botany (NIAB) pension scheme after intervention from The Pensions Regulator (TPR) when trustees failed to agree a valuation in 2015.
