BT managers approve pensions deal

James Phillips
clock • 2 min read

BT members of the Prospect union have voted to approve a controversial pension restructure ahead of the defined benefit (DB) scheme's closure in April.

Managers and professional staff voted in favour of the deal, which would see the BT Pension Scheme (BTPS) close to around 11,000 managers employed before 2001. The staff will receive a 1%-2% inc...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Benefit

Partner Insight: Capacity, complexity and the endgame

Partner Insight: Capacity, complexity and the endgame

How operational pressures are reshaping trustee priorities.

TPT Retirement Solutions
clock 21 August 2026 • 1 min read
Partner Insight: The DB Endgame Has Changed - Is Your Scheme Ready for Run-On?

Partner Insight: The DB Endgame Has Changed - Is Your Scheme Ready for Run-On?

Buyout is no longer the automatic destination for UK defined benefit schemes. A new regulatory landscape is reshaping the strategic choices available to trustees and sponsors.

Guy Bottomley, Client Portfolio Manager LDI, UK and Ireland @ Columbia Threadneedle Investments
clock 20 August 2026 • 4 min read
Majority of larger DB schemes still to set funding targets, BW research finds

Majority of larger DB schemes still to set funding targets, BW research finds

Long-term funding decisions mostly anticipated over the coming two years

Alex Levy
clock 19 August 2026 • 2 min read
Trustpilot