Section A
News feed
New online services are coming soon
13
Jan
2021
Following members’ feedback, we have been investing in technology and modernising our online services.
BTPSM appoints Wyn Francis as Chief Investment Officer
06
Jan
2021
BT Pension Scheme Management (‘BTPSM’) has announced, with immediate effect, the appointment of Wyn Francis as Chief Investment Officer.
GMP Court ruling update
08
Dec
2020
The Trustees have been in discussions with their advisers as to the steps the Scheme should take with regards to the “equalisation” of certain pension benefits.
Reforming the Retail Prices Index – changes from 2030
25
Nov
2020
Every month, the Office for National Statistics (ONS) estimates the inflation rate in the UK by calculating the change in prices of a representative basket of goods and services.
State Pension
There is a new flat-rate (single-tier) State Pension that has been introduced which has replaced the basic State Pension and additional State Pension. The full new State Pension will be based on your National Insurance contributions history and individual circumstances. For what amount you can expect, please refer to https://www.gov.uk/new-state-pension/what-youll-get
If you reached your State Pension Age before 6 April 2016, you will receive a benefit based on the Pre 6 April 2016 system.
Understanding your State Pension is an important part of planning for your retirement. If you want to find out more you can visit www.gov.uk/new-state-pension.