BT will pay £1.5bn into DB scheme by April to tackle £7bn deficit

Stephanie Baxter
clock

BT will pay £1.5bn into its defined benefit (DB) pension scheme by April to tackle a £7bn deficit as part of an agreed recovery plan with the trustees.

The telecoms giant announced the results of its 2014 triennial funding valuation results today and laid out a 16-year recovery plan. Over the next three years BT will pay a total of £2bn into th...

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 Risk Reduction

The birth of the buy-in: Reflections on 20 years of pension risk transfer

The birth of the buy-in: Reflections on 20 years of pension risk transfer

Clive Wellsteed reflects on how the buy-in came into being and why it has become the route of choice for many pension schemes

Clive Wellsteed
clock 15 April 2026 • 7 min read
Time taken to convert from buy-in to buyout increasing due to insurer backlog

Time taken to convert from buy-in to buyout increasing due to insurer backlog

Time taken to convert from buy-in to buyout increasing due to insurer backlog

Martin Richmond
clock 14 April 2026 • 2 min read
Graham Asset Management pension scheme agrees £1m buy-in with L&G

Graham Asset Management pension scheme agrees £1m buy-in with L&G

Transaction is the second completed using Isio’s new framework for micro schemes

Holly Roach
clock 14 April 2026 • 2 min read
Trustpilot