BT suffers 63% rise in scheme deficit following discount rate reduction

Jonathan Stapleton
clock

BT has seen its pension deficit rise by 63% in just six months as a result of a reduction in the discount rate used for its IAS19 valuation.

In its results for the second quarter and half year to 30 September - published today - the telecommunications firm revealed its net IAS19 deficit had risen from £1.9bn at 31 March to £3.1bn at 30 ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

UK Pensions Awards 2026: Entries close today!

UK Pensions Awards 2026: Entries close today!

This year’s awards will be held on 11 June at The Brewery in London

Professional Pensions
clock 23 January 2026 • 3 min read
Hidden 'systemic barriers' perpetuate gender pensions gap

Hidden 'systemic barriers' perpetuate gender pensions gap

Entrenched barriers, not lack of financial confidence to blame

Jenna Brown
clock 23 January 2026 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

PMI secures full buyout with L&G, Dr. Martens scheme and PIC complete buy-in, M&G sees 65% increase in BPA market

Professional Pensions
clock 23 January 2026 • 1 min read
Trustpilot