Skip to content

Our Story

Brightwell has a unique history, background, and approach to pension management. 

We understand what it means to manage a complex DB scheme, having built a wide range of capabilities and expertise in managing the multi-award-winning BT Pension Scheme (BTPS) – one of the UK’s largest private sector pension schemes.

BTPS is not alone in the nature and complexity of its needs. Building on what we have learned over the years and focusing on tailor-made solutions, we are well placed to add significant value to other DB schemes.

Our history



Establishment of PosTel Investment Management responsible for managing the Post Office and BT Pension Funds. 


The trustees of the BT Pension Scheme purchased the Post Office scheme’s holding in PosTel, thereby becoming the sole shareholder. The name was changed to Hermes, the Greek messenger of the gods.


Leading the way on sustainable investment

BTPS was a founding signatory of the UN Principles of Responsible Investment.


Separation from Hermes

Establishment of BTPSM and gradual separation from Hermes. BTPSM as the sole fiduciary manager for BTPS, and Hermes to become a third-party investment management firm. 


Record breaking longevity swap

BTPSM designed and executed largest longevity swap globally.


Private equity investment programme with Hermes GPE – top quartile long-term performance and thematic approach.


Insourced member administration, establishing BTPSA. Insourced management of £10bn gilts and LDI portfolio.


Procentia acquisition

Acquired pensions software company: Procentia.


Innovative trapped surplus solution

BTPSM designed and executed innovative funding vehicle to address concerns around ‘trapped surplus’.


BTPSM obtained status as a MiFID firm, enabling provision of services to third parties.


BTPSM announces its new trading name: Brightwell – opening its capabilities to other DB schemes

Our Team

We have a highly-experienced and skilled team, who have a track record of working through complex challenges.

Take me there – “Our Team”

Diversity, Equity & Inclusion

We are focused on fostering truly diverse, inclusive, and equitable culture with a workforce reflective of the society we live in and with the right talent to deliver the best possible results for our clients.

Take me there – “Diversity, Equity & Inclusion”

Corporate Governance

We understand and value the importance of high standards of governance and integrity

Take me there – “Corporate Governance”

Interested in
partnering with