BT retirement fund managers get an ‘F’ in pensionology

Faced with a £14bn deficit, the telecoms group is trying to modify the defined benefits it promised staff in the 1980sWorrying times for the family of Beatrice Bellman, better known as Beattie, Maureen Lipman’s carping character in those old British Telecom advertisements.Henpecked son Melvyn will now be approaching retirement (and, boy, did he earn it). Meanwhile, grandson Anthony, whom we last heard of when grandma was memorably making light of his woeful exam performance, should n