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?
Pension scheme members are being approached by ‘unregulated’ providers with tempting investment and cash offers for their pension savings. Beware! This type of offer could be a scam, so check carefully before making any decisions. These offers may sound legitimate but they typically offer unusual investments like overseas property or biofuel, promising high returns, whilst not making you aware of the high risks and downsides.
Early access to your pension savings may sound tempting, but usually you can’t access pension savings before either age 50 or 55 unless you are seriously ill. So make sure you check your facts before you make an irreversible decision. If you’d like more information or want to report pension fraud, contact The Pensions Advisory Service, using the details on www.pensionsadvisoryservice.org.uk or Action Fraud on 0300 123 2040. Being taken in by one of these scams is likely to result in you being poorer in retirement, and could mean you face substantial tax charges.
There are certain things to look out for: website promotions, in-home visits from ‘introducers’, cold calls, text messages or adverts encouraging you to transfer your pension to a new arrangement for a cash payment or loan. Please take the time to read the Money Advice Service's guide to pension scams and the Pensions Regulator's guide to pension scams before making any important decisions in relation to your pension savings.
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