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BT is to create up to 7,000 jobs as it ups the pace of the multibillion pound rollout of a national next-generation, broadband network to 25m UK premises by 2026. The telecoms giant, which reported a 23% drop in pre-tax profits to £1.8bn last year as businesses used less of its services during pandemic lockdowns, had previously targeted rolling out full-fibre broadband to 20m premises. BT said it will consider a joint venture partnership to fund...

So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download Find whitepapers

Provided by Dow Jones --BT Group said it will explore funding additional fiber deployments through a joint venture --Company is increasing fiber target to 25 million premises by end of 2026, from 20 million --BT's adjusted earnings and revenue for the fourth quarter fell By Adria Calatayud BT Group PLC said Thursday that it will explore funding additional fiber broadband deployments through a joint venture with external parties, as it reported lower adjusted earnings and revenue for the fourth quarter of fiscal 2021. The U.K. telecommunications group said i...

We'll hire 7,000 to get it done by 2026, says boss Matthew Hughes Thu 13 May 2021 // 14:39 UTC Share Copy BT's Openreach has promised to bring FTTP connectivity to 25 million premises by the end of 2026, an increase of 5 million against the previous target. To meet its loftier goal, the telco pledged to increase its FTTP build rate from 3 million premises each year to 4 million. This, company boss Philip Jansen said, will result in the direct creation of 7,000 new jobs. Speaking on BT's quarterly conference call, Jansen claimed the company had renewed confidence it wou...

BT: Investors unenthused by £2bn pension funding deal as shares drop 6.3 per cent BT Headquarters in London. BT today announced plans to bring full-fibre broadband to an extra 5m homes as the financial burden of its pension deficit eased. The telecoms firm struck a new deal for its pension, which is one of the biggest in the country at £7.98bn. Some £2bn of deficit will be met through an asset-backed funding arrangement secured against its EE mobile business. The balance will be met over ten years, starting with an annual cash contribution of £900m. Simon Lowth, chief fin...