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 number of responsibilities and must always act in the best interest of ALL the Scheme's beneficiaries. This includes deferred members, pensioners and beneficiaries, as well as active members (current employees). Specifically, the Trustee's main responsibility is "to pay all of the benefits as they fall due under the Scheme, in accordance with the Trust Deed and Rules". However, in addition, the Trustee:
The Trustee will normally send Active Members a benefit statement every year giving details of your projected future benefits. Deferred members are usually sent a statement each year showing the current value of their deferred benefits. All members of the Scheme are sent a summary of the Scheme's annual Report and Accounts.
The Trustee's full Annual Report and Accounts includes details of the Scheme's general progress and investment information.
The most recently published editions of the summary and full versions of the Scheme's Annual Report and Accounts are available to view or download through this website on the 'Scheme Report and Accounts' page of the document library.
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