Federated Investors, Inc. to Acquire Majority Interest in London-based integrated ESG Manager Hermes Investment Management from BT Pension Scheme.
Further to our update in February, BT was granted permission to appeal the High Court judgment to the Court of Appeal.
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.
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?
The Trustee has a stated intention of voting all of its equity holdings. Hermes Equity Ownership Services (EOS) supports the Trustee in taking voting decisions for its passive equity holdings in particular. Where active managers demonstrate strong capabilities they will vote on behalf of the Trustee.
Please click here for the BTPS proxy voting policy. The latest reports of votes cast are available to download here. You can request details of historical voting data by contacting Accenture, the Scheme administrators.
BTPS will always support the recommendations of a company's board unless it has a good reason not to do so. All voting decisions are taken in the best interests of the Scheme's beneficiaries as long term owners.
Please select from section A, B or C
For members who joined the Scheme before 1 December 1971
For members who joined the Scheme between 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