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Benefits of being Registered

As across this whole website, some articles are only available to registered users, if you are member of the union register if not apply to join and then register - you know it makes sense.

*** News Flash ****

This site is being updated. However because of the immense amount of material on the site it is taking me some time. When the new site is populated this site will be closed and the updated site will be launched. In the meantime new information is only being added to the new site . You can see how the updated site is coming along here.

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Pension Issues

Review of BT Pension Scheme (BTPS)

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There was a lot of speculation about BT Pension Scheme (BTPS- the defined benefit pension scheme) in the press over the weekend and Prospect is writing to clarify the position for its members.

It is important that members are fully aware of the challenges ahead and the nature of the process that will be undertaken. Much of the press coverage was sensationalised and sought to fit what facts were available into a wider pre-existing agenda.

Here are the relevant facts that members need to know:

Draft Pensions Regulator guidance on flexibilities communications

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The Pensions Regulator has published its Draft Essential Guide for pension scheme trustees on communicating with members about the new pension flexibilities which come into force on 6 April 2015. The draft guidance covers changes to the disclosure regulations and the so-called “second line of defence” for pension scheme members.