BT records 30% fall in pension deficit over three years

James Phillips
clock • 2 min read
BT records 30% fall in pension deficit over three years

The BT Pension Scheme (BTPS) slashed its deficit by £3.3bn in the three years between its 2017 and 2020 valuations, it announced today, remaining on track to meet a 2030 full funding target.

The scheme's actuarial funding level rose from 81% to 88% during the period as the deficit fell to £8bn by 30 June last year, which the scheme said was "broadly in line" with the projected position following...

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