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

Cosworth Racing scheme secures £96m buy-in with L&G

Cosworth Racing scheme secures £96m buy-in with L&G

Deal with Ford-sponsored scheme secures the benefits of 1,000 retirees

Holly Roach
clock 05 November 2025 • 2 min read
M&G 'on track' to launch with-profits bulk annuity in first quarter of 2026

M&G 'on track' to launch with-profits bulk annuity in first quarter of 2026

Firm reports £300m of BPA volumes over the quarter, compared to £200m in H1

Jonathan Stapleton
clock 05 November 2025 • 2 min read
A.G. Barr secures £41m buy-in deal with Canada Life

A.G. Barr secures £41m buy-in deal with Canada Life

Third and final buy-in secures the benefits of the remaining 300 scheme members

Holly Roach
clock 04 November 2025 • 2 min read
Trustpilot