13
Jan
2021
Following members’ feedback, we have been investing in technology and modernising our online services.
06
Jan
2021
BT Pension Scheme Management (‘BTPSM’) has announced, with immediate effect, the appointment of Wyn Francis as Chief Investment Officer.
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.
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.
The Court of Appeal decision given on 14 July 2014 provided helpful clarification in relation to the guarantee provided by the Government to the BT Pension Scheme. This guarantee known as the Crown Guarantee provides that, in the unlikely event of a winding up of BT plc, most ongoing contribution obligations of BT plc to the Scheme would be met by the Government. In this regard it should be emphasised that the Crown Guarantee does not cover the benefits of individual members but rather enhances the security of member benefits in the Scheme overall.
It is important to emphasise that the Crown Guarantee is only relevant in the unlikely event of a winding up of BT plc and, in such circumstances, would enable the Scheme to receive ongoing contributions, if needed, to fund the payment of benefits.
The Crown Guarantee is, without doubt, a significant protection for members of the Scheme in the event of the winding up of BT plc, and the clarity provided in the Court of Appeal judgement is helpful in understanding the scope, effectiveness and applicability of the Guarantee.
Please select from section A or C
Section A
For members who joined the Scheme before 1 December 1971
Section B
Section B no longer has any active members, if you are a deferred member of Section B, please visit the deferred section here
Section C
Section C closed to most active members on 30 June 2018, but remains open to members holding a “GAD passport” following a previous transfer from another employer. If you are a deferred member of Section C, please visit the deferred section here
Please select from section A, B or C
Section A
For members who joined the Scheme before 1 December 1971
Section B
For members who joined the Scheme between 1 December 1971 and 31 March 1986
Section C
For members who joined the Scheme on or from 1 April 1986 but before the Scheme closed on 31 March 2001
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