The BT Pension Scheme shortfall shrank £1.5bn in Q4 last year, helped by a £1bn increase in asset values and a £525m deficit payment, according to its quarterly report.
The scheme's deficit fell from £5.2bn at the end of September to £3.7bn gross of tax at the end of 2010. Scheme assets were valued at up to £36.4bn at the end of December - an increase of £1.1bn...
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
