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BT Pension Scheme completes £5 billion pension longevity swap

Employee Benefits

Telecommunications firm BT’s pension scheme has entered into a longevity reinsurance arrangement with Reinsurance Group of America (RGA), which covers £5 billion of pensioner liabilities. It will have no impact on BT’s cash contributions to the scheme, nor on the 2023 triennial valuation.

Pension 52
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The top 10 most-read articles between 28 July – 3 August 2023

Employee Benefits

between 28 July – 3 August 2023 were: High Court rules BBC cannot change pension to cut future benefits Mitchells and Butlers completes £1.2 billion pension buy-in Woolworths Group faces charges for underpaying long service leave Teachers in England accept 6.5%

Pension 52