Newsmakers
BT Pension Plan Lost £11 Billion in Buildup to U.K. Bond Meltdown
Despite the steep loss, CEO Morten Nilsson says there is ‘no worsening’ in the plan’s funding position.
Tag: BT
Pensions
UK High Court Says RIP to RPI
Ruling shoots down BT, Ford, Marks and Spencer pension funds’ challenge to reforming inflation calculation.
BT Loses Court Appeal to Link Pension Increases to CPI
Union says ruling prevents 80,000 members from losing average of £24,000 in pension benefits.
BT Reaches Deal with CWU to Close DB Scheme
Union to vote on proposals in the coming weeks.
Union Members Urged to Reject BT Pension Proposals
Communication Workers Union says a major industrial relations showdown looks inevitable.
BT Mulls Asset Deal to Address Pension Debt
Telecommunications giant considers alternative approaches to making only cash payments.