BT closes DB scheme to managers; union secures improved deal

Stephanie Baxter
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BT Centre
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BT Centre

The BT Pension Scheme (BTPS) will close to future accrual for managers in May 2018, and will them into the telecoms giant's defined contribution (DC) scheme.

The announcement is the result of months of negotiations with the union Prospect following a consultation on the future of the company's DB scheme, which finished on 17 January. Prospect secured...

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