Section A

Pensions Portal

Active members can manage their BT Pension Scheme on the secure member area.

Your Journey

News feed

BT Review of BTPS benefits: Update

Aug

2017

Since our initial posting on 30 May informing you of BT’s proposed benefit review, BT has engaged with employees and the unions, including representatives from CWU and Prospect.

Summary Funding Statement 2017 now available

Jun

2017

The Trustee has now published the Summary Funding Statement outlining the results of the 30 June 2016 actuarial interim assessment.

BT review of BTPS benefits

May

2017

BT have announced that they have commenced a review of the BT Pension Scheme (BTPS) benefits.

How much will your State Pension be?

May

2017

Reforms in April 2016 introduced the new State Pension. Most people reaching State Pension Age this year won’t be entitled to the full amount. How much will your State Pension be?

Snap general election halts decision to reduce MPAA

Apr

2017

Following the announcement of a general election, the Government is expediting the Finance (No 2) Bill before Parliament is dissolved on 3 May 2017.

Treasury rules out any changes to UK’s pensions taxation process

Apr

2017

After much speculation, the Treasury has announced that it would not be looking to implement ‘significant changes’ to the UK’s pension taxation system.

Divorce

If you get divorced, BTPS may be required to allocate or pay part of your retirement or death benefits to your ex-spouse to comply with any court order requiring this.

This can happen even if you are already receiving a pension. Part of your pension will then belong to your former spouse, who must then transfer the value of it to another pension arrangement. This process is known as ‘pension sharing’.

If you are getting divorced it is important that you review your Expression of Wish Form and seek legal advice as the options can be complex.

If you need detailed information about the value of your benefits in connection with a divorce, you will need to contact Accenture.