Bt Share Discussion Threads

[wynmck] 19/3/2018 12:25

rns out....

[toon1966] 19/3/2018 09:41

jomac2412 said "....present management just need to get on and sort the issue out now regardless of the CWU and their members opinions!"

The problem being many of those 'members' happen to be current BT employees....

[samartin] 19/3/2018 07:30

No news is bad news!

[jomac2412] 18/3/2018 21:14

pvee

You are clueless , nothing more to be said on your opinion .

[jomac2412] 18/3/2018 20:57

Pacey

I like your posts as I find them informative mostly but to be honest most present day investors don't really care about the issues surrounding previous management's mistakes regarding the pension issue , present management just need to get on and sort the issue out now regardless of the CWU and their members opinions!

[smurfy2001] 18/3/2018 20:16

Don’t forget the interest rate rises

[pvee] 18/3/2018 19:12

Contrary to many posters if you're a BT pensioner it matters. As a BT investor I made a choice knowing about the underlying issues but I wouldn't expect the pensioners to be shafted. Of course if you're after a quick buck you would prefer the union to cave in NOW to protect your "decent return on your investment". After all you want a quick fix to a long-standing break on the share price The arguments put forward to resolve this matter seem to be reasonable although unpalatable to certain people on this BB.

Suspend the divi if it sorts out the issue but one way or another a practical solution is required to make this share price go in the right direction

[winner31] 18/3/2018 18:47

It will this time

[winner31] 18/3/2018 18:47

It will this time

[diku] 18/3/2018 18:13

For some reason this pension issue always comes back to bite BT every few years...it never goes away...

[boytoy] 18/3/2018 17:41

Easily sorted, just suspend the divi for one year and use the money to uphold the pension promises made years ago.

[careful] 18/3/2018 17:04

these pension changes are not going to be retrospective.
They only affect pensions to be accumulated in the future.
Those accumulated to date are safe.

[pacemaker1000] 18/3/2018 16:39

This isn’t a race to the bottom you know

[winner31] 18/3/2018 16:10

I had my pension prospects decimated by GKN so I turned to the stock market with so called safe stocks to try and make up the shortfall ,you'll get no sympathy from me I'm afftaid

[jomac2412] 18/3/2018 12:39

hxxps://www.moneywise.co.uk/news/2018-01-02/just-19-ftse-100-companies-continue-to-provide-final-salary-pensions

Over 80% of FTSE 100 companies don't pay DB pensions anymore and in the All Share I would be pretty sure that percentage will be even higher, I don't know why BT are taking so long in these negotiations with the CWU , we have wasted enough time on this ,management just need to get on with it and make the changes .

[toon1966] 18/3/2018 12:14

Defined benefit plans are steadily being phased out, but they still account for more than half of retirement funds in the developed world. An old article but relevant

[winner31] 18/3/2018 11:57

This is a share discussion site and not a pension forum , most people here have invested hard earned money to try and get a decent return from there investment , i’m Sorry but whatever the company does to improve the share price is fine with me ,BT is no longer a public company and money cannot be wasted as it was in the past .

[jomac2412] 18/3/2018 11:36

Toon

fact is the vast majority of companies have made changes to their pensions to reflect reality ,BT should have made the same changes years ago, only weak management has allowed the present pension problems to arise by deferring the problem.As a shareholder I would rather BT were investing for future growth and not wasting money thats not necessary on pensions, like in most workplaces if workers want to be entitled to a good pension then they should have to contribute more money into it .

[careful] 18/3/2018 11:14

If you get to running a £29bn turnover company with 100,000+ employees,
then you are a very important man. You affect you shareholders, employees and via taxes, society at large.

You should make as much as Lionel Messi, Mick Jagger or Neymar.
I see that latter footballer has demanded a pay rise above him £1m p.week.

As a shareholder, the top mans salary is unimportant as long as he is the right man for the job.
Martin Sorrell turned a wire and plastic super market trolley manufacturer into the Words largest advertising agency. He made his investors rich, and did well himself.

[toon1966] 18/3/2018 11:10

wllmherk - just to clarify I am on a deferred pension, meaning I won't be drawing down on my pension until I'm 60. I'd also like to point out that I made pension contributions through my monthly salary and not just BT Group. I'm sure all pensioners around the country will be happy to have their private pensions cut to satisfy poor hard done by shareholders.

[diku] 18/3/2018 10:55

Don't think one can compare Patterson with Goodwin...total different situations...
a shop worker who underperforms could get 3 strike warnings and out without golden goodbyes...unfortunately there is no such warnings at the top...how many CEO's who have underperformed or run the company to the ground have been sacked with financial contract curtailed back or clawbacks...instead it is always the CEO or other steps down with golden goodbyes...to keep their contract intact...it is not just about financial security but more the way the system is set up that favours guys at the top in sticky situations...exclusive club merry go round...just put noughts and crosses in the ballot boxes...

[careful] 18/3/2018 10:40

Yes, the Chairman has a great track record and will keep G.P. in check, support him or even replace him if he is not up to the job.

[ianood] 18/3/2018 10:34

The more important question is what is Jan Du Plessis thinking!

[careful] 18/3/2018 10:34

Patterson will wish to be highly thought of.
Just having financial security does not mean that he does not care.
Do you think he wants to go around knowing that people think he is an incompetent fool?
Money isn't everything.
Fred Goodwin must feel down most of the time.

Hoping Patterson will sort this.
The CWU struck a deal with RMG, and remember BT was once joined to RMG.
a sister company if ever there was one.
They will strike a similar deal which was based upon the company paying an amount each year into the pension pot, an amount that could be afforded.