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Mikhail Liebenstein

Next shoe to drop.....unaffordable defined benefit pensions

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http://www.telegraph.co.uk/business/2017/05/27/bt-cap-pension-pots-fill-14bn-hole/

Now do remember that BT was Public Sector in it's past, and if such practices are unaffordable for BT today, one has to ask how unaffordable they'll be in the Public Sector.

A lot of this issue is due to lower growth and deflationary pressure, normally the default is via inflation, but if BT pass this then expect all other DBS to follow the lead.

 

 

Edited by Mikhail Liebenstein

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M&S already have according to the article.

It's an unintended consequence of low rates and strict pension investment rules,

 

Doesn't it say BT are contributing £500 mil a year or something and they would rather give it to share holders.

Or signing over company assets to the pension fund to increase its value.

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