Member Info for NDNIC00

About bloody time to. That’s a warning shot to the leaches, you want a network, you go build one from scratch.

Oh dear. It’s been such a lovely place recently, good humour, intelligent comments, in depth decisions and no derogatory claptrap. Then along comes.............

“ so the original plan set out by BT will certainly change”
Yes it may well change. It did after the reviews in 2014 & 2017 so once the next review is done there may well be a new plan, part of the reason for a 3 year review.

Nige. Yes it will probably be March April next year before the report is singed off by all parties involved. As to how the trustees manage the fund I personally do not have enough knowledge of how to best invest that sort of money. I could though have a good go at spending it... Thats the point of the trustees, they are there to protect the interests of all concerned be that BT or pensioners. At least the scheme is funded and all know how and when that funding is coming in, unlike many other pensions.

A detailed financial health check of the Scheme, known as a valuation, is carried out every three years by the Scheme’s Actuary. The last full valuation was carried out as at 30 June 2017 at which time the funding level was 81% and the funding shortfall was £11,295 million. In the years between formal valuations, the Scheme Actuary provides an update which shows how the funding position has evolved since the last valuation date. The most recent update showed that between 30 June 2017 and 30 June 2018 the deficit had reduced to £8,321 million (a funding level of 86%).

The Trustee and BT have agreed a recovery plan such that BT will pay additional contributions in order to return the Scheme to a fully funded position by 31 March 2030.
Under this recovery plan, BT paid a deficit contribution of £850 million and £2,000 million in March 2018 and June 2018 respectively, with a further contribution
of £1,250 million in June 2019. BT is obliged to
make a contribution of £400 million by 30 June
2020. Thereafter, BT will make a series of further contributions of £700 million in 2021 and 2022, and £907 million per annum through to 2030

As of 30 June2019, last report.
Active members 52
Deferred members 80872
Pensioners 205142
Total for 2019. 286066
Total for 2018. 298878

If I can add some insight, with regard to broadband connection from third party suppliers. There used to be a lot of “ churn” ie people moving from one provider to another at the end of there contract. Every time this happened Openreach outdo do the work in the exchange to transfer from one ISP to another, for this they charged a fee to the new ISP for the labour costs. So as well as income from an ISP as rental there was also income for the convention. With more people on FTTC and now FTTP people are getting the speed they want and are able to better negotiate a deal at the end of there contract, which is now probably longer Than the old 12 months, so stay with the provider, therefor a reduction in extra revenue for OR. This would not account for all the drop but for some. Another reason may be Backhaul products, 5-10 years ago there was l lot of them being installed again income from an installation charge, that could typically be £2-10k per install. My understanding is that now there are far fewer new services being installed than say 4-5 years ago. It has reached a saturation point, so there is still rental income but again less installation income.

Found this Ad today, just in time you may say.
https://www.finalmile.bt.com/domore.html?s_cid=btb_native_verizon_ventures_t3_imgtext_v2_prospecting_final-mile3&dclid=CPu1oueS-ekCFVidGwodCqIChw

Oh dear, another attempt at attention seeking, sad really.

“ - A body in motion stays in motion unless an equal or greater force is met. “
Well this body hit warp factor 10 today captain...
Watch out for them Klingons. Ch Wa Tag.

Agree, Fleecy. Is it wise at present to use “ normal” projection to determine the direction of a share. Perhaps in 6-9 months those rules may apply again, but at present ???
Good news all round today then.

At present if a customer changes BB provider on a copper or FTTC service then BT have to convert the service in the local exchange, so a cost to BT, the same for the ISP to have there hardware sent to the customer, a cost to the ISP. BT then receive revenue From the ISP but have the cost of maintaining the copper element of the service should if go faulty which is inherent in the copper network, so some of BTs revenue goes towards that cost should it go faulty, which compared to other delivery methods is reasonably likely in a given time frame.
With FTTP, when fully rolled out, it is in theory possible to deliver all ISPs wavelength to every premises in the UK all the time, weather the end user uses, A or B or C etc. In other words with the right kit on the end it will work to whichever ISP you use or change to, as all ISPs would be present at the end of every fibre. So no cost to BT to change ISP at the exchange, a saving, but a cost to the ISP to send the kit out, almost no maintenance costs to BT to have to cover as fibre is far more resilient, so another saving for BT. All this also means a reduction in staff numbers in BT, a saving, and a lower wage bill as many of the staff used would be at the lower end of the pay scale compared to now.
That’s just residential BB not to mention all the other services mentioned earlier will also see a reduction in costs hence a chance for more profit. Service providers will still have costs to cover for each service, BT could well be in a position where they just have the income from SPs and very little costs if they only have to provide the glass in the ground and no hardware...

True Aus. But, there a lot of UK blue chip companies that at present have little or no revenue. How are they going to look at the end of the year revenue wise compared to the telecom network companies, and others that CV19 is not having an impact on at present. In the last few weeks we have seen, airlines, travel companies, car makers, leisure and hospitality and other sectors in a position to lay off staff and seek new rental deals to survive.

Thjones. We are a long way off 6g, the rollout of 5g is only just underway, will probably take another 3-5 years before full UK coverage is in place. 6g if it arrives in the current theoretical model is at least 10 years away from real world trials. In the meantime this model ma well change adding time perhaps to any rollout. Talking about the impact of 6g now is pointless unless it is in regard to the theory of the model, it at present has no relation to how BT, or any other network owners, share price acts. There are still locations in the UK that have only just got 4g, a good 7-8 years after the start of its rollout...

Two dimensional thinking, only considering broadband and mobile based products. BT has many other income streams that together generate far more income than the above. Leased line ( private services ) for secure networks for companies, secure connectivity For emergency services government and military, broadcast networks for TV and radio, network management for energy providers. As said the margin for third party providers is thin and without the competition rules in there favour from OFCOM many would no longer exist. The income may appear not to grow much year on year but the profit dose and will increase as more fibre connectivity is in place for broadband as its maintenance costs reduce as time goes by, but you will have many companies sending there data down the same price of glass, therefor not revenue from one source as at present for copper but from many. Simmpels...

“ It just needs a BT Director with Balls to visit Cummings with a Sample Plan and Contract.“
And we would TRUST that f#####g idiot with anything now ? Think not!!!!!!

OR staff cover, copper provision and maintenance, fibre provision and maintenance, lower grades tend to do splicing, cabling, and dum kit provision, eg Ethernet NTEs but not involved in transmission configuration. Exchange jumpers, the transmission trained people deal with other Ethernet commissioning and exchange chassis instals, isdn30 DWSS,SDH etc and tend to be higher grade staff. The exchange staff are BT not OR except those who do the jumper in. There are also planners and other back office inOR. Natural wastage and release will see many of the experienced staff going in the coming years, as it has been for many years across BT

Very good point Fleccy. Once the legacy network is mostly redundant, there will be little need for many of the experienced copper staff and transmission skilled people. Once a full fibre network is operational much less staff and skill sets will be needed, so a sell off of part of the operation, that being fibre skills, leaving any copper and transmission staff needed within BTs control. That would be a sad day...

The Cellnet split was many years ago, is the split you mention perhaps just in the USA ? Do not remember doubling my holding, thinking only in the US as info in your link is all in dollars.
The suns out, just waiting for the same to Cummings.........

Nige. Do you mean when BT sold Cellnet, one BT one Cellnet.