BT Pension Scheme
Eight schemes write to Number 10 to urge more action on climate change
Eight major pension fund executives have called on prime minister Boris Johnson and the government to allow the financial sector to contribute to the UK’s decarbonisation efforts ahead of the COP26 summit in Glasgow.
The top 10 interviews of 2020
PP takes a look at the most read interviews of 2020
Pensions bill must make net zero a 'mandatory requirement' for schemes, MMMM says
Ethical pensions campaign Make My Money Matter (MMMM) has called on the government to use the Pension Schemes Bill to require all UK pension funds to commit to net-zero emission investment strategies.
How the BT Pension Scheme will safeguard its portfolios and the planet from climate change
Morten Nilsson explains why the BTPS is aiming to be net zero on carbon emissions by 2035, and how it plans to get there.
BT Pension Scheme sets 2035 net-zero target
The BT Pension Scheme (BTPS) has become the latest pension fund to commit to a net-zero investment strategy by a fixed date in order to mitigate the financial risks from climate change.
BT Pension Scheme appoints three trustees
The BT Pension Scheme (BTPS) has announced the appointment of three new trustees to its board.
Interview: How the BT Pension Scheme is focussing on quality service
BT Pension Scheme Management's chief executive Morten Nilsson speaks to Jonathan Stapleton about his scheme's focus on member experience.
The five lessons of AE: Nest report details UK pension reform journey
Former ministers and policymakers reveal how AE was developed in new research project from Nest Insight and the University of Bath. Nick Reeve reports.
BT Pension Scheme awards $1bn private equity mandate to Hermes GPE
The BT Pension Scheme (BSPS) has awarded a $1bn (£777bn) private equity mandate to Hermes GPE, to invest globally.
BT blocked from third attempt to swap pensions index
BT will not be able to swap the index used to uprate part of its pension scheme after the Supreme Court denied permission to appeal, closing all legal avenues.
PRI toughens up climate risk reporting for UK schemes
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
BT loses second bid at indexation swap
BT has lost a Court of Appeal attempt to swap one section of its defined benefit (DB) pension schemes from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI).
Morten Nilsson appointed chief executive of BT scheme's management firm
The BT Pension Scheme (BTPS) has appointed Now Pensions founder Morten Nilsson as chief executive of its investment management and advisory arm.
BT pension deficit plummets £1.8bn despite actuary's £500m 'error'
BT has slashed its pension liabilities by £1.8bn in three months through deficit recovery contributions (DRCs) and a change to the scheme's discount rate.
BT Pension Scheme completes £260m sale of stake in Hermes
US-based Federated Investors has completed its acquisition of a 60% interest in Hermes Investment Management from the BT Pension Scheme (BTPS).
USS and BTPS to pay Thames Water leakage penalty
Universities Superannuation Scheme (USS) and the BT Pension Scheme (BTPS) will be asked to pick up the tab for some of the £120m penalty levied on Thames Water.
BT Pension Scheme sells majority stake in Hermes
The BT Pension Scheme (BTPS) is to sell two-thirds of its interest in Hermes Fund Managers, the investment company it founded 35 years ago, to American asset manager Federated Investors for £246m.
BT pension compromise with CWU possible by end of next week
BT and the Communication Workers Union (CWU) are said to be close to a deal over the closure of the telecoms company's defined benefit (DB) scheme.
Five stories you may have missed this week
This week's top stories included the government suggesting it may review the order of creditors in an insolvency event, and Barclays defending plans to move responsibility for its DB scheme to its investment banking arm.
BT blocked from indexation swap
BT has been barred from swapping the indexation of the third section of the BT Pension Scheme (BTPS).
BT managers approve pensions deal
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.
EXCLUSIVE: BT Pension Scheme to bring admin back in-house; Accenture partnership ended early
The £49bn, 300,000-member BT Pension Scheme (BTPS) is to bring its administration back in-house after agreeing to end its third-party contract with Accenture three years into an eight year contract.
Five stories you may have missed this week
This week's top stories included 2020 Trustees being fined for failing to produce two chair's statements.
Union brands BT pension overhaul plans 'slap in the face' as consultation begins
The Communication Workers Union (CWU) has said it will urge its members to reject BT's proposals for its pension funds, which includes closing the defined benefit (DB) scheme.
