BT considers offering trustees contingent asset deal

James Phillips
clock • 1 min read

BT may allow the trustees of its pension schemes to take over some of its assets in the case it fails to meets its pension obligations, the firm has suggested.

The proposal may come as part of its funding plan agreed with trustees of the BT Pension Scheme (BTPS) at the upcoming triennial valuation on 30 June, although details are unlikely to be finalised ...

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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

50% hedged scheme funding sees improvement as gilt yields return to recent highs

50% hedged scheme funding sees improvement as gilt yields return to recent highs

The funding impact for well-hedged schemes will depend on exposure to non-hedging assets

Jonathan Stapleton
clock 10 May 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 10 May 2024 • 1 min read
Partner Insight: Using DB surplus to support DC provision

Partner Insight: Using DB surplus to support DC provision

Aggregate defined benefit (DB) funding levels have improved to over 130% resulting in over 80% of DB schemes now being in surplus.*

Yassin Isman, Associate Partner, Aon.
clock 09 May 2024 • 4 min read
Trustpilot