{"id":4126,"date":"2021-09-29T03:46:00","date_gmt":"2021-09-29T03:46:00","guid":{"rendered":"https:\/\/www.asadkarim.co.uk\/?p=4126"},"modified":"2021-09-17T06:50:38","modified_gmt":"2021-09-17T06:50:38","slug":"bt-pension-fund","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=4126","title":{"rendered":"BT Pension Fund"},"content":{"rendered":"\n<p>BT is the UK&#8217;s premier telecommunications company.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bt.com\">https:\/\/www.bt.com<\/a><\/p>\n\n\n\n<p>The BT pension fund is huge pension fund that looks after the assets and pays the pensions to BT&#8217;s retired workforce. The BT Pension Scheme (BTPS) is the UK\u2019s largest corporate defined benefit pension scheme with assets of about <strong>\u00a358 billion<\/strong> ($80 billion), paying more than \u00a32 billion in pension payments per year. The scheme closed to new members in 2001, but remains responsible for securing the long-term financial wellbeing of approximately 320,000 current and future pensioners<\/p>\n\n\n\n<p>The Scheme\u2019s net assets were invested 37.5% in growth assets and 62.5% in liability hedging assets as at 30 June 2020<\/p>\n\n\n\n<p>Total benefits paid were \u00a32.5bn, in the year to 30 June 2020. That is about <strong>\u00a3208.33333 Million a month <\/strong>paid out in pensions to BT&#8217;s amazing retired workforce.<\/p>\n\n\n\n<p><a href=\"https:\/\/newsroom.bt.com\/bt-announces-triennial-pension-valuation\/\">https:\/\/newsroom.bt.com\/bt-announces-triennial-pension-valuation\/<\/a><\/p>\n\n\n\n<p>Distribution of investments:<\/p>\n\n\n\n<p>Equities 18.3% of the fund<br>Government bonds and cash 33.2% of the fund<br>Secure income 1.4% of the fund<br>Investment grade credit 27.9% of the fund<br>Other growth assets 12.4% of the fund<br>Property 6.8% of the fund<\/p>\n\n\n\n<p>Total Assets<strong> \u00a357,493 Million<\/strong><\/p>\n\n\n\n<p>With such a large portfolio, it makes substatial investment income<\/p>\n\n\n\n<p>Dividends from equities \u00a3202 million<br>Income from bonds \u00a3562 million<br>Net rental income from properties \u00a361 million<br>Income from pooled investment vehicles \u00a355 million<br>Derivatives \u00a3125 million<br>Longevity insurance contract \u00a3-(30) million<br>Interest on deposits and short-term investments \u00a323 million<\/p>\n\n\n\n<p>Total of <strong>\u00a3998 Million income.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.btps.co.uk\/MediaArchive\/SchemeSite\/BTPS_Report_Accounts_30_Sept_2020.pdf\">https:\/\/www.btps.co.uk\/MediaArchive\/SchemeSite\/BTPS_Report_Accounts_30_Sept_2020.pdf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BT is the UK&#8217;s premier telecommunications company. https:\/\/www.bt.com The BT pension fund is huge pension fund that looks after the assets and pays the pensions to BT&#8217;s retired workforce. The BT Pension Scheme (BTPS) is the UK\u2019s largest corporate defined benefit pension scheme with assets of about \u00a358 billion ($80 billion), paying more than \u00a32 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4126","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4126"}],"version-history":[{"count":3,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4126\/revisions"}],"predecessor-version":[{"id":4129,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4126\/revisions\/4129"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}