BT mulls DB closure after deficit hits £8.6bn

James Phillips
clock • 2 min read

BT may close its defined benefit (DB) scheme to future accrual in a bid to stem its ballooning deficit, according to reports.

The suggestion is likely to come up in the BT Pension Scheme's (BTPS) triennial valuation, which kicks off on 30 June and will conclude in the first half of 2018. The BTPS, which is the private ...

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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

Tender Watch: Nest extends partnership with Nexer Digital

Tender Watch: Nest extends partnership with Nexer Digital

Two-year contract extension worth up to £1.3m following two ‘successful’ years

Professional Pensions
clock 15 July 2024 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 09 July 2024 • 1 min read
XPS finds rise in DB transfer activity after 'record low' in April

XPS finds rise in DB transfer activity after 'record low' in April

Transfer Value Index remains stable but activity remains low

Jasmine Urquhart
clock 26 June 2024 • 1 min read
Trustpilot