Image:
BTPS has revealed strong funding levels and a drop in its deficit in its triennial valuation
The £37bn BT Pension Scheme (BTPS) has agreed its 2023 triennial funding valuation with BT Group – revealing a £4.28bn fall in its deficit.
The scheme said its valuation at 30 June 2023 was £3.70bn - down from £7.98bn at the 2020 funding valuation following £4.36bn of deficit contributions. This comes despite a sharp fall in scheme ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
