The BT Pension Scheme (BTPS) is the largest private-sector pension scheme in the UK. It has c.280,000 members and c.£57.5bn o ... f assets and pays out over £2.5bn in pension and other benefits every year. A defined benefit pension scheme for employees, former employees and dependants of BT plc and some of its associated companies, the Scheme closed to new members in 2001 and to future accrual in 2018. Established in 1984, BTPS has a long history as a responsible and engaged investor. As part of its responsible investment strategy, the Scheme fully integrates environmental, social and governance (ESG) factors into its investment process and promotes active stewardship of its portfolio companies and assets. The Trustee Board has delegated responsibility for day-to-day management of the Scheme to BT Pension Scheme Management (BTPSM), the executive arm of the Trustee, subject to ongoing Trustee Board oversight. BTPSM is an FCA authorised entity led by the BTPSM board where the directors are senior executives from the company. It is 100% owned by the Trustee and provides investment, advisory, member administration, operational and secretariat services solely for the Scheme. read more