BT considers hedging

News

The £35 billion British Telecom (BT) pension scheme - the largest such institution in the UK - is considering moves to hedge its inflation and interest rate exposure, according to the company's head of pensions.

Kevin O'Boyle said that the ongoing review of the company's pension scheme, whose latest triannual valuation saw it hold the dubious honour of the UK's largest deficit at £3.4 billion, had led the company to consider using capital market techniques to de-risk its pensions scheme.

Earli

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