Crown Guarantee to be extended to Openreach after BT split

James Phillips
clock • 1 min read

The Department for Culture, Media and Sport (DCMS) has confirmed Openreach employees in the BT Pension Scheme (BTPS) will have their pensions underwritten by the government.

Following Openreach's legal separation from BT, members of the final salary scheme will have their funds protected by a Crown Guarantee, which means the government will fund their pensions in the u...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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