BT Pension Deficit swells to £6billion !

BT pension funds has continued to widen at an alarming rate !Liabilities at the £41bn BT Pension Scheme rose twice as fast as assets.

The deficit has swelled to £5.7bn ! Expert believe this looks at growing to £7b very soon or 30% of market cap !

“The increase in the deficit during the year principally reflects an exceptionally low real discount rate of 0.87%,” the report noted.

“This includes the impact of quantitative easing on the debt markets and a higher inflation assumption.”

Nigel Green CEO deVere group wrote in his blog A Big Company Pension will Fall shortly, will it be BT ? looks like he could be right !

If you have any questions please don’t hesitate to contact me .

Tony Evans

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