20th November 2017 Anne-Marie Winton comments in The Times on BT’s £13.9bn pension scheme deficit
BT is facing immense challenges due to the gaping hole in its pension scheme, fuelling fears about its dividend.
BT has revealed this month that there has been a drop in profits and has stated that it will be taking action over the pension scheme.
This action includes a court hearing to try and change the scheme’s measure of inflation rates from the retail prices index to the consumer prices index.
Partner Anne-Marie Winton commented:
“As income streams based on old technologies dwindle and these businesses shrink, legacy pension issues can weigh companies down just as they attempt to become more agile.
“Rather like sharks and icebergs, such liabilities can lurk scarily underneath the surface of a company’s accounts, with the potential to damage or sink the business.”
Read the full article in The Times here
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