Bt Share Discussion Threads

[pacemaker1000] 29/5/2017 12:45

I'm pretty sure most knew it was at least £13bn Monty.

[montyhedge] 29/5/2017 10:26

It was £10 billion, now Sunday Press said £14 billion. Why don't they have a 1 for 10 rights issue at 275p. City would love it, I'm sure.

[toon1966] 29/5/2017 10:24

Alphorn - the pension deficit is a 'known' problem, the solution is far more problematic!

[alphorn] 29/5/2017 10:11

I don't think that it is old news. The deficit is growing - a problem.

[pacemaker1000] 29/5/2017 10:05

It's another press bashing weekend! Both the fine and pension is old news regurgitated.
However, it's obvious that staff pensions are being used to claw back losses made in fines and Italy. Disgusting way to treat employees by paying caking on them in old age!

[fhmktg] 29/5/2017 08:48

Agreed pacemaker- arrogant so and so thought he couldn't be found out!Failed his chance of further career advancement.

[dr biotech] 29/5/2017 08:30

Only just realised have you Montyflipflop? All that time you were at rampcon 10 and you never knew about the pension deficit.

[montyhedge] 29/5/2017 06:34

£14 billion pension liability, wow.

[pacemaker1000] 28/5/2017 23:29

Another corker

[diku] 28/5/2017 22:40

From the media...

Telecoms giants EE and Vodafone have been named Britain’s worst mobile phone providers by consumer watchdog Which?

Both scored just 50 out of 100 for overall customer satisfaction as they failed to hit the right tone with account holders.

But minnow giffgaff topped the chart with 81, Utility Warehouse was second with 76 and Tesco Mobile third with 74.

Despite fast download speeds and strong coverage, Vodafone and EE were awarded just two out of five stars for value for money compared with giffgaff’s full house.

[pacemaker1000] 28/5/2017 12:00

I'm conflicted!
As an employee it's criminal that I won't be getting the pension agreed many years ago due to bad management!
As a shareholder addressing the deficit will be good for the share price!

[pacemaker1000] 28/5/2017 11:56

Bt has already started to do this with the latest pay rise. BTPS members had a contract that guaranteed rpi or pay rise increases to their pension pot but in a crafty manipulation of voting this was changed. Instead of 2.6% increase they only got 0.7%.

[alphorn] 28/5/2017 11:55

As I am sure most posters will understand the key issue is who takes on the investment risk. That is why the plans are all changing.

[waldron] 28/5/2017 09:55

A defined benefit plan identifies the specific benefit that will be payable to you at retirement. ... This stream of periodic payments generally is known as a pension or sometimes called an annuity.

About Defined Contribution Plans. A defined contribution plan specifies how much money will go into a retirement plan today.


Defined Benefit Plans vs. Defined Contribution Plans ...


www.myretirementpaycheck.org/retirement-plans/defined-benefit-plans.aspx

I FEEL IMO THAT ANY CASH BT HAS WOULD BE BETTER USED TO MAKE BT A MORE EFFICIENT AND
PROFITABLE COMPANY WITH THE LONGER TERM BENEFIT TO PENSIONERS

ESPECIALLY AS RETURNS ON PENSION FUND INVESTMENTS ARE VERY LOW IN THE CURRENT
CLIMATE

[alphorn] 28/5/2017 09:02

stewart - you must mean defined contributions - not defined benefits!

[stewart64] 28/5/2017 08:56

One reason that the actuaries probably messed up big time is retired BT employees are by and large quite skilled motivated types. Many of their former engineers will live easily into their nineties a decade or two beyond what these schemes were intended. Coupled with gilt yields it is a double whammy.

The worst part of the article is current employees themselves building up unsustainable rights. They need to draw a line now and put all employees on defined benefits going forward.

[alphorn] 28/5/2017 08:42

Seems a stupid idea to me:
1) not necessary - see above post. (see note)
2) any profits will be for the pension fund
3) any losses would still have to be made good by BT.

No gain - just stupid.

edit. Note - in the context of that article.
It does not mean that BT will not have to fund deficit.

[pacemaker1000] 27/5/2017 21:24

Deficit will be at least £13bn!
Handing assets to the pension fund instead of cash seems a great plan to me.

[careful] 27/5/2017 20:02

Any 80 year old still climbing trees with a chainsaw is unlikely to make 100.

[stewart64] 27/5/2017 18:12

Alarming claims of unsustainable rights accruing to existing workers and a guess of 14 billion on the deficit, nearly half of Market cap. Seems to be at odds with the upbeat statement in the accounts.We will have to see when the figures are released next month.

My neighbour is a BT pensioner in his mid eighties on a generous final salary package, should make one hundred he is still climbing trees with his chainsaw.

[alphorn] 27/5/2017 16:36

"In the event the company collapses with its retirement fund in deficit, trustees would take ownership of an asset worth billions of pounds".

Why would that be necessary - the government has backed the pensions should that happen.

The article may be light on fact?