
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
- 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