On the 9th of October, BT Pension Scheme appointed Morten Nilsson, the founder of Now Pensions, as the new chief executive of the company.
BT Pension Scheme Management (BTPS) said that Nilsson will be taking up the role immediately and report to Paul Spencer, the chairman of the board of trustees of the firm.
The pension of the telecoms giant is one of the largest defined benefit (DB) schemes in the United Kingdom. Nilsson will be leading all of the decisions that are around asset and liability management, operations and other member services for the scheme, which boasts approximately £50 billion assets.
Nilsson initially joined the pensions and investment industry way back in 2001 and spent more than 10 years working for ATP, the £90 billion Danish pension scheme, in a number of positions.
In 2010, he founded Now Pensions building it into one of the largest occupational defined contribution providers in the UK market.
Spencer, the BTPS chairman, stated: “The trustee is delighted to welcome Morten to the team and we look forward to working with him to further strengthen the activities of the Trustee of the BT Pension Scheme and support our 300,000 members”
Morten Nilsson said that it was a “privilege” to be joining the pension scheme.
He added: “It is an ambitious and dynamic organisation with a history of successfully using the scale of the fund to find new innovative and forward-looking ways to protect its members’ interests.”