BT pumps £2bn into pension scheme

The telecoms giant and its scheme trustee have agreed the deficit stands at just over £4bn - a massive improvement on its December 2008 position of £9bn. BT's dividend payments have suffered in recent years due to pressure from its massive scheme deficit. BT chief executive Ian Livingston said: "This agreement under which the company makes an immediate contribution to the scheme of almost half of the deficit reflects BT's financial strength and re-affirms our commitment to the scheme. "BT's long-term sustainable cash generation has improved significantly since the 2008 valuation an...