BT's Triennial Pension Evaluation Sees Funding Deficit Fall to £3.7bn
BT Group has today published their triennial Pension Scheme (BTPS) valuation - one of the UK's largest private sector pension schemes with c.270,000
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BT Group has today published their triennial Pension Scheme (BTPS) valuation - one of the UK's largest private sector pension schemes with c.270,000
Under the plan BT, will pay £600million in each financial year until 2030, plus £180million under an asset-backed funding arrangement.
BT has said its pension funding deficit shrunk to £3.7bn in June this year, and its annual contribution amounts will stay the same.
BT Group PLC on Tuesday said it has agreed its triennial pension valuation and deficit recovery plan with its pension scheme, despite the uncertainty and headwinds observed since 2020. The...
Payments into the BT Pension Scheme scheme will remain the same despite a sharp drop in the fund's deficit, it emerged on Tuesday. The shortfall has dropped...