Telecoms giant sees scheme deficit soar as dividend is frozen
Thursday 17 May 2018 Author: Steven Frazer

The funding gap of BT’s (BT.A) pension scheme soared during its latest three-year assessment period.

Between June 2014 and June 2017 liabilities shot up from £47.2bn to £60.4bn, or a £13.2bn increase. That compares with growth in assets of £8.9bn (from £40.2bn to £49.1bn).

Interestingly, the £4.3bn difference between asset and liabilities growth during the period tallies almost exactly with the £4.2bn of dividends BT paid out to shareholders during the same spell.

BT has frozen dividends at 15.4p per share for the foreseeable future.

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