
BT scheme deficit grows by £3bn in second quarter
British Telecom pension scheme deficit grew by £3bn over the last quarter after the telecoms giant reviewed its accounting assumptions.
According to BT's quarterly financial results, released today, the UK's largest scheme had a net deficit of £5.8bn at June 30 - compared with £2.9bn at March 31. It said the dramatic loss in value was...
Latest stories
Croydon sets up asset-backed funding to reduce pension contributions
An innovative funding structure has been agreed for Croydon Pension Fund. However, there are some concerns about the arrangement. Stephanie Baxter reports
Half of pension scam red flags raised by schemes involves advisers, finds survey
Some 52% of red flags raised by schemes on suspected scam pension transfers involve advisers or unregulated introducers, a report by the Pension Scams Industry Group (PSIG) has claimed.
Norfolk Pension Fund wins rare US securities fraud class action case
The Norfolk Pension Fund has been successful as the lead plaintiff in a class action case that went to jury trial in California involving securities fraud.