PRIMARY
BT PENSION SCHEME COMPLETES TWO LONGEVITY SWAP TRANSACTIONS TOTALLING £10bn
The BT Pension Scheme (“BTPS” or “the Scheme”) one of the UK’s largest private sector pension schemes with c.260,000 members and c.£36bn of assets under management has recently completed two longevity reinsurance transactions. These transactions further protect BTPS from the cost of unexpected increases in the life expectancy of its members.
PRIMARY
Annual Pension Increases for 2025/26
The pension increases to BTPS members' pensions in payment, that are expected to apply from 1 April 2025, are published below. The increases detailed below apply to members’ increasing pensions, in excess of any Guaranteed Minimum Pension (GMP).
PRIMARY
BTPS APPOINTS STEVEN DICKSON AS TRUSTEE DIRECTOR
The BT Pension Scheme (‘BTPS’ or the ‘Scheme’) has announced, with immediate effect, the appointment of Steven Dickson as Member Nominated Trustee Director selected by BT’s recognised trade unions and the National Federation of Occupational Pensioners (NFOP).