The size of BT's defined benefit pension deficit helped save the telecoms giant from being acquired, according to chief financial officer Tony Chanmugam.
Speaking to Financial Director - published by PP's owner, Incisive Media - Chanmugam said the deficit was the "only good thing" going for the company when it became an acquisition target as it face...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date