YOUR BTPS MEMBER NEWSLETTER
YOUR BTPS MEMBER NEWSLETTER
Paradise
In our last newsletter we told you we, along with the rest of the pensions industry, were carrying out checks to ensure Guaranteed Minimum Pension (GMP) is ‘equalised’ for men and women within the Scheme. We’re pleased to say that all these checks have now been completed and any ‘equalisation payments’ made.
This only affected Section C members, and those who were due an uplift to their pension or any back-payment will have received a letter from us confirming these payments. As we said previously, the amounts owed were typically small or negligible. If any members were due less than £1, we automatically included it as part of their April pension increase.
BTPS is one of the first Schemes in the UK to complete this GMP equalisation exercise. If you want to know more, go btps.co.uk/Glossary on our website and type in ‘GMP equalisation’ – there’s a video and accompanying factsheet that explains what it means.
69%
of internet users agree the benefits of being online outweigh the risks.
11m
people in the UK are aged 65+
BT is helping older people and those who have difficulties accessing the internet to make the most of life in an increasingly digital world.
BT Group has teamed up with lexicographer and queen of Dictionary Corner, Susie Dent, to create a Digital Dictionary, in order to help older and digitally excluded people get a better understanding of online jargon
New research conducted by BT group found that one in six older people admit to feeling “baffled” by digital terms, and 78% feel left behind by their lack of knowledge. In response, Susie Dent, BT Group and UK charity AbilityNet have partnered to create the Digital Dictionary, which identifies the most misunderstood words used on the internet and provides simple explanations.
Explore BT's Digital Dictionary
This year the Scheme was awarded Defined Benefit Pension Scheme of the Year at the Pensions Age Awards and at the UK Pensions Awards 2024. Both awards ceremonies highlight the outstanding achievements of the UK pensions industry, and key to both wins was your feedback, with the judges praising the scheme for its huge efforts to drive improvements in member satisfaction.
Visit: btps.co.uk
Call: 0800 731 1919 (or +44 203 023 3420 from overseas) Lines open Mon to Fri, 8.30am to 5pm exc. Bank Holidays. If you have hearing or speech difficulties, downloading the Relay UK app to your smartphone can help. Find out more here: https://www.relayuk.bt.com/
Email*: member@btps.co.uk
Write*: BTPS, Sunderland, SR43 4AD
* Please include your name, date of birth and either your BTPS membership number or National Insurance number in any correspondence
This newsletter is for information purposes only. Your BTPS benefits are always subject to the BTPS Rules and relevant legislation. If there’s any difference between the description of benefits in this document and the BTPS Rules or legislation, the BTPS Rules and legislation will take precedence.
How we use your personal information:
BT Pension Scheme Administration Ltd, on behalf of the Trustee, will process personal data relating to you, and to any person whose personal data is provided in connection with potential benefits, in order to administer the Pension Scheme. For more information on how we process your personal data and what your individual rights are under the UK General Data Protection Regulation (‘UK GDPR’) and Data Protection Act 2018 (‘DPA 2018’), please read our latest Privacy Notice at btps.co.uk/PrivacyNotice or write to BTPS, Sunderland SR43 4AD.