A European Commission investigation into the Crown guarantee applying to the BT pension scheme was launched in November 2007 on the ground that it may constitute state aid. A formal invitation to the UK Government to comment was published in the Official Journal of the European Union on 22 January 2008.
The Commission has requested explanations for:
- why the BT scheme has not taken advantage of its exemption from the UK funding rules;
- why the exemption from paying the PPF levy does not constitute state aid; and
- why this scheme is compatible with state aid rules.
View the announcement (142KB)(pdf)