Summer 2019 Newsletter
Our Summer 2019 newsletter is now available.
New manager for the fund
In July the Fund were very sorry to say goodbye to Debbie Terry who had successfully managed the Fund for 10 years. However we’re delighted that Rob Pearce, who recently retired from BT has joined us as the new Fund Manager.
2019 Annual General Meeting
The Fund held its 2019 AGM in London on 31 July, with Jane Shipway in the chair. Debbie Terry reported that in 2018 the fund awarded £926,500 in grants which included dealing with 604 one-off cases. Single grants averaged £1,025 per case, and we turned down less than 5% of those who came to us for help. At the end of the year we had 211 weekly grant beneficiaries. As well as their regular payments, we also made a Christmas payment of £125 to each of them, plus an additional £100 towards winter fuel bills.
Income for the year had exceeded £1 million for the fifth year in a row with almost 60% of our of this coming from membership subscriptions, mostly from pensioners. And 2018 saw real success in recruiting new joiners to the company, mainly in Openreach, as members, with the result that employee member numbers increased by 18% on the previous year.
CSIS Charity Fund
The CSIS Charity Fund is an independent charity linked to the Civil Service Insurance Society (CSIS), a "not for profit" insurance intermediary which markets insurance products exclusively to current and former civil and public servants, including people from BT and Royal Mail. The charity’s income comes entirely from the annual trading surplus of the Civil Service Insurance Society, plus the investment of its reserves. Virtually all of CSIS’s entire annual trading surplus is paid into the charity and then distributed to a wide range of organisations, mainly charities within the civil and public sector, thus putting the money back into the community from which it originated. The two organisations create a "virtuous circle" - customers of the Society benefit from good quality insurance at competitive prices and the profits benefit a wide range of charitable good causes.
The CSIS Charity Fund has supported the BT Benevolent Fund for many years, and we are delighted that in 2018 they have made us a grant of £75,000, which we will put to excellent use in our vital work. Among other grants it will mean that once again this Christmas we’ll be able to make a one-off payment of £100 to each of our weekly grant recipients towards their winter fuel bills. We know from their feedback what a huge help this is to those on very low incomes.
Helping and Supporting BT Retirees
Over 30,000 BT Pension Scheme (BTPS) members have already joined NFOP. Join your former colleagues in enjoying the benefits of membership.
Looking after our members
NFOP has established a number of good relationships with professional advisers and service providers, enabling us to offer members access to a select panel of experts who offer initial advice in their relevant fields. Access to these experts is for the duration of active membership, allowing members to feel confident that help is available.
- Initial advice when you need it, on legal, tax, financial, retirement and benefit matters
- Membership of a local Branch giving you opportunities for social activities and outings
- Membership of the Accident Aftercare service providing help if you have a car accident
- An informative and entertaining magazine
- IT assistance on computer problems
- Discounted rates for various services
- NFOP Travel Club provides exclusive travel services and holiday deals
You can join the NFOP today for as little as £1.75 a month.
The Fund's work
Please find below links to a slide summing up the Fund's work, which can be used at team meetings or other events. These are availabe in PDF and MS PowerPoint format.
Touching people’s lives
The BT Benevolent Fund works closely with the Rowland Hill Fund, which is a registered independent charity with the aim of providing financial help and practical advice to Royal Mail, Post Office Ltd, Parcelforce Worldwide colleagues, pensioners and their dependants in times of need.
The support the RHF offers is varied: help with budgeting, respite breaks, home modifications for the disabled, mobility vehicles or an unexpected crisis.
Contributions to the Fund are falling and there has been an increase in requests for help. During the past year they dealt with 369 new cases, distributing more than £250,000 in grant aid. Often people are suffering hardship through no fault of their own and the Fund is there to provide assistance when it is most needed. If you know of a Royal Mail Group employee or pensioner who may be in need of financial or practical support, do let them know about the Fund. They can be contacted via their free confidential Helpline, which is available 24 hours a day, 7 days a week:
HELP 0800 688 8777
For more information and eligibility criteria, visit their website: www.rowlandhillfund.org.