EXCLUSIVE: BT to offer PIE to 120,000 pensioners

clock

BT Pension Scheme will offer a pension increase exchange (PIE) to around 120,000 pensioners over the coming year, PP can reveal.

The £41bn scheme has been automatically offering a PIE to people reaching retirement since 1 April 2009, but will now extend this to 120,000 pensioners who retired before that date. A further 40...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Vistry secures £155m multi-scheme buy-in deal with PIC

Vistry secures £155m multi-scheme buy-in deal with PIC

Transaction covers three final salary schemes, securing the benefits of 1,671 members

Holly Roach
clock 10 February 2026 • 1 min read
KLM UK Pension Scheme completes £240m buy-in with Rothesay

KLM UK Pension Scheme completes £240m buy-in with Rothesay

Transaction secures the benefits of the remaining 1,852 scheme members

Holly Roach
clock 10 February 2026 • 3 min read
What a £550bn BPA market really means

What a £550bn BPA market really means

Jon Yarker looks at what sustained high transaction volumes mean for the industry

Jon Yarker
clock 09 February 2026 • 7 min read
Trustpilot