Global Policy Advocacy - Case Study: BT Pension Scheme

Hogan Lovells acted for many years for the BT Pension Scheme, the largest final salary pension scheme in the UK with over 130,000 members and assets in excess of £40 billion. 

At the time of privatisation in the 1980s, the sponsoring employer's liabilities in respect of the pension scheme were guaranteed (the Crown Guarantee) by HM Government under the privatisation legislation, in order to protect employees and pensioners (previously with the benefit of a civil service-style final salary pension backed by the Government) in the event that the privatised company entered insolvency. 

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