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BT PENSION SCHEME COMPLETES TWO LONGEVITY SWAP TRANSACTIONS TOTALLING £10bn
The BT Pension Scheme (“BTPS” or “the Scheme”) one of the UK’s largest private sector pension schemes with c.260,000 members and c.£36bn of assets under management has recently completed two longevity reinsurance transactions. These transactions further protect BTPS from the cost of unexpected increases in the life expectancy of its members.
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BTPS Summary Funding Statement
The BTPS Trustee is responsible for ensuring that the Scheme has sufficient funds to pay its liabilities (benefits to members).
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Annual Pension Increases for 2025/26
The pension increases to BTPS members' pensions in payment, that are expected to apply from 1 April 2025, are published below. The increases detailed below apply to members’ increasing pensions, in excess of any Guaranteed Minimum Pension (GMP).