BT Pension changes unclear

The end of June saw the closure of the BT Pension Scheme, with members transferring into the BT Retirement Saving Scheme. However part of the union agreement was the setting up of a ‘hybrid’ scheme, which allows for part of pay to be treated like the old ‘career average’ scheme rather than an insurance policy.. Details of this are still awaited but BT say they will honour their promises – in time.