The 2018 Trustee newsletter is now available and can be found on the Useful documents page. Members will receive a copy in the post over the next few weeks.
Are you looking to make a change to your regular additional voluntary contribution (AVC) payments in this tax year?
BT has sent an update to all active members of the Scheme giving information about the outcome of the employee consultation.
BT to appeal recent High Court judgment regarding BT’s ability to change from RPI to another index for the purpose of calculating future pension increases for Section C.
The High Court has published its judgment regarding BT’s ability to change from RPI to another index for calculating Section C pension increases.
From April 2015, the Government is allowing individuals with defined contribution (DC) pension savings greater flexibility at retirement which means that those people will have more options to consider when they retire. A new Government service called Pension Wise has been established to help you understand your options in relation to what you may do with your AVCs or other defined contribution plans.
If you have AVCs in the Scheme and provided you are age 50 or over you will have access to the Pension Wise service. Pension Wise offers you:
You can access this free, impartial guidance from the government:
Also see the Pension Wise website www.pensionwise.gov.uk/appoint... which includes a summary of the information you should get ready before an appointment to make it as useful as possible.
The Pension Wise service is not available to members with only defined benefit (DB) pension benefits.
We strongly recommend you access this pensions guidance and also consider taking independent financial advice to help you decide which option is most suitable for you with regards to your AVCs.
Please select from section A, B or C
For members who joined the Scheme before 1 December 1971
For members who joined the Scheme before 1 December 1971 and 31 March 1986
For members who joined the Scheme on or from 1 April 1986 but before the Scheme closed on 31 March 2001