Section A
News feed
BT Pension Scheme to sell majority stake in Hermes
13
Apr
2018
Federated Investors, Inc. to Acquire Majority Interest in London-based integrated ESG Manager Hermes Investment Management from BT Pension Scheme.
Section C Court Case: Appeal
09
Apr
2018
Further to our update in February, BT was granted permission to appeal the High Court judgment to the Court of Appeal.
Closure of the BT Pension Scheme
19
Mar
2018
BT has announced the closure of Section B and C of the Scheme to future accrual in early summer 2018, having reached an agreement with the Communication Workers Union and Prospect.
2018 Trustee Newsletter now available
20
Feb
2018
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.
Responsible investment
The Trustee has a fiduciary responsibility to meet the Scheme's liabilities and as a long-term asset owner considers sustainable factors to improve long-term risk adjusted returns. The area of sustainability as defined by the Trustee covers long-term factors such as environmental, social and governance (ESG) and stewardship. For information about BTPS' Responsible Investment Policy please click here.
The importance of responsible investment is illustrated by the scheme being a founder signatory to the United Nations-backed Principles for Responsible Investment initiative (PRI). PRI provides a framework for investors to take ESG issues fully into account in their investment and ownership decisions and actions and the Trustee remains committed to its membership and active support of the organisation. Click here to view the BTPS’ PRI transparency report 2016.
The Trustee is also guided by the requirements of the Financial Reporting Council’s Stewardship Code for UK institutional investors. For further information click here.