Section A

Pensions Portal

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

Your Journey

News feed

Judicial Review Update

Aug

2018

There was a short interim hearing for the Court to decide how any questions regarding the interpretation of the BTPS Rules should, as a matter of process, be dealt with.

Summary Funding Statement and an update on the closure of the Scheme

Jul

2018

The Trustee has published this year's Summary Funding Statement giving an update on the Scheme's funding position.

BT application for Judicial Review: Important update

Jun

2018

On 5 June 2018, the Trustee wrote to Section A and B members who are potentially affected by a court application currently being brought by BT.

BT application for a Judicial Review

Jun

2018

BT has applied to Court for a judicial review of an HM Treasury decision that could impact how pensions in payment are calculated for certain Section B members.

Trustee updates actuarial factors

Jun

2018

From time to time the Trustee carries out a formal review of the actuarial factors which are used to calculate certain pension benefits.

GDPR – Updated Privacy Notice

May

2018

The Trustee of the Scheme has updated the Privacy Notice, which explains how we manage the personal information that we hold.

Pension Scams

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.