EE Pension Scheme

EE Pension Scheme

The EE Pension Scheme was established to provide retirement benefits for employees of EE Limited and participating employers including Mobile Broadband Network Limited. BT Group plc serves as the ultimate sponsor. The scheme operates under a board of trustees with Jonathan Clarke as independent chairman. Assets are deployed across multiple classes. The Mercer Growth Fund accounts for 65-69 percent of holdings. Real estate exposure includes commitments to the M&G UK Residential Property Fund and the Aviva REaLM Multi Sector Unit Trust. Infrastructure positions are held through Basalt Infrastructure Partners III, I Squared Capital Global Infrastructure Fund III and the KKR Diversified Core Infrastructure Fund. Credit allocations include Chorus Capital Credit Fund IV and V plus Hayfin Capital Management Funds. Geographic reach centers on the United Kingdom and extends to Europe and global markets via the listed vehicles. Brightwell has provided fiduciary management since 2023. Northern Trust serves as global custodian. The scheme participates in the UK Pension Fund Tour 2025 as a speaker on fiduciary management and the Brightwell partnership model. It also holds membership in the Institutional Investors Group on Climate Change and maintains accreditation through the Pensions Administration Standards Association. The structure relies on shared services with the BT Pension Scheme through the common fiduciary manager. This arrangement produces aligned investment policy and ESG engagement without formal merger of the two plans. Trustee oversight remains independent for each scheme.