There is " no bar from a pensions bill " to prevent Ofcom splitting BT from Openreach , according to a report commissioned by Sky . BT 's pension scheme , which has assets of £ 43bn and liabilities of £ 53bn , has long been held up as one of the stumbling blocks to separation . Ofcom 's strategic review made several recommendations , including " more independent governance structure " and better access to infrastructure for companies , including BT and Sky , but stopped short of splitting the companies . Sackers have raised the importance of the employer covenant and the critical impact this will have, but unlike KPMG and PwC, they are not employer covenant advisors.” A BT spokesperson said , “ We can not simply wish away inconvenient truths " .
There is " no bar from a pensions bill " to prevent Ofcom splitting BT from Openreach , according to a report commissioned by Sky . BT 's pension scheme , which has assets of £ 43bn and liabilities of £ 53bn , has long been held up as one of the stumbling blocks to separation . Ofcom 's strategic review made several recommendations , including " more independent governance structure " and better access to infrastructure for companies , including BT and Sky , but stopped short of splitting the companies . A BT spokesperson said , “ We can not simply wish away inconvenient truths " .