The Trustees are responsible for stewardship of the Scheme's assets"
About the trustees
BBC Pension Trust Limited is the sole Trustee of the Scheme. Its board, commonly referred to as 'the Trustees', consists of nine directors:
one appointed by the BBC Trust;
four appointed by the BBC
three elected by active members; and
one elected by the pensioners.
The member elected directors serve for six years and retire in rotation. The pensioner director serves for six years.
The Trustees are responsible for stewardship of the Scheme's assets. Their main objectives are to ensure that:
all beneficiaries receive the benefits to which they are entitled under the Rules of the Scheme; and
there are sufficient assets to meet the Scheme's liabilities as they fall due.
Find out who the Trustees are and read their biographies here.
Pension contributions are paid into a trust fund which and invested by the Trustees to procude income from which benefits are paid. The fund is quite separate from the finances of the BBC and participating employers. It is used to provide benefits for the Scheme's members and their dependants.
Trust Deed and Rules
The Trustees administer the Scheme and pay benefits in accordance with the Trust Deed and Rules. You can get a copy from the documents page.
Copies are available from the documents page.
The Pensions Regulator oversees the running of pension schemes and can intervene in cases where scheme trustees, employers or advisers may have failed in their duties.
The regulator has powers to protect funds held in pension schemes. It also aims to promote high standards and good practice in the pensions industry.
The Pensions Regulator Napier House Trafalgar Place Brighton BN1 4DW
An engineer by training, Bill spent over 20 years in the private sector in marketing and operations roles for large and small companies in the electronics market, mostly based in Scotland. The requirement by the Scottish Government for non-executives for departmental management boards coincided with Bill's increasing conviction that it was time to contribute his business expertise to the public sector, fuelled by his experience as a non-executive at the Crown Office and Procurator Fiscal Service. Bill combines his business and managerial expertise with long involvement in public service broadcasting through his membership of the Broadcasting Council and then the Audience Council for Scotland. Bill was appointed as chairman of the BBC Pension Scheme Trustees in November 2011.
Grant Cassidy has worked for the BBC since 1990. He is a senior studio Director in News, based in Salford, working across 5 Live, News and Sports Programmes. Grant is also on the National Joint Council, negotiating with the BBC at a national level in his role as a BECTU trade union representative. Grant was elected in 2006. He sits on the Investment Committee.
Andy Baker is the BBC's W1 Manager. He is responsible for events management, building and technology infrastructure, site wide business continuity and cross department staff collaboration. The investment in our digital infrastructure means that for the first time in the BBC's history all the key network and global services in Television, Radio, News and Online can be brought together in a single site - centred on the iconic Broadcasting House, now reinvented for the digital age with state-of-the-art digital production.
Andy was previously Controller of Major Infrastructure Projects (MPI). He was responsible for the requirements gathering, procurement and delivery of all technology associated with BBC North at Salford Quays and Broadcasting House in London. Prior to this he held various roles in the BBC including Head of Technology for Radio, Contract and Account Manager for the BBC Managed Telecoms Services and Project Manager in the Communications & Control section of BBC Transmission where he oversaw a number of transmitter re-engineering projects and the implementation of RDS.
Andy joined the BBC in 1982 after completing an O.N.D. in Technology at Fareham College. Outside of work Andy can sometimes be found developing technology solutions and gadgets for remote controlling his increasingly environmentally sustainable house. He is also a Trustee of the BBC Pension Scheme.
Kevin Carter is Chairman of Murray International Trust PLC, and a non-executive director of Lowland Investment Company PLC. He is a Trustee of the BBC Pension Trust Limited and Chairman of its Investment Committee, a director of Universities Superannuation Scheme Limited and a Director of the Centrica Combined Common Investment Fund. He was Chief Executive of Old Mutual Asset Managers (UK) Limited from 1987 to 2000, and Chief Executive of Old Mutual Asset Managers (US) LLC from 2000 to 2001. He then became a Senior Investment Consultant, and ultimately European Head of Investment Practice at Watson Wyatt. Subsequently he joined JPMorgan in London as a Managing Director and Head of the EMEA Pension Advisory Group. He is a former member of the NAPF Investment Council and Chair of the Shareholder Affairs Committee. He holds the CFA and FSIP designations and an MBA and Ph.D.
Ken MacQuarrie became Director, BBC Scotland in April 2009.
He had been Controller since April 2004 and Head of Programmes from 2000 when he had responsibility for production and commissioning of all BBC output broadcast in Scotland on television, radio and online.
A native of Mull and a Gaelic speaker, he was educated at Oban, Edinburgh University and Moray House College of Education before joining BBC Scotland as a researcher in 1975. He went on to work as a radio producer for BBC Highland before transferring to television in 1979, where he worked as a producer in Glasgow.
During this period Ken MacQuarrie introduced daily Gaelic children's programmes on television, developed the investigative current affairs programme Prosbaig and launched the award-winning series Eorpa and De a-Nis? In 1992 he became both Head of Gaelic and Features and of Children's, complementing the output in gaelic with English language factual programmes and also setting up a children's production base for the UK networks.
Four years later he was appointed Head of Broadcast and in 2000 became Head of Programmes.
Among the major projects he has overseen in that role are In Search Of Scotland, Chewin' The Fat, Still Game, Gruth Is Uachdar (Crowdie And Cream) and Scotland's Empire on television and, on Radio Scotland, Gracenotes, Off The Ball and Lesley Riddoch.
A former board member of the Scottish Film Council and the Celtic Film and Television Association, Ken MacQuarrie has also taken a leading role in a number of BBC internal initiatives such as the move to Pacific Quay. He is Vice-President of the Royal Television Society.
He is married with three children and among his many interests are sailing, reading and walking.
Anne Bulford, OBE, joined the Pension Scheme Trustee Board in July 2013. Earlier this year she re-joined the BBC as managing director, finance and operations. She came from Channel 4, where she was Chief Operating Officer. Within the BBC, Anne has responsibility at board level for key functions including Finance, Legal, Technology and Operations. Anne previously worked at the BBC from 1993 to 1999, initially as Head of Internal Audit and from 1996 onwards as Finance Director for BBC Regional Broadcasting and then BBC Production. Before joining the BBC, Anne qualified as a chartered accountant with KPMG. Anne is also a Trustee of the Motor Neurone Disease Association.
After an apprenticeship in newspaper journalism, Graham Ellis joined BBC Local Radio in 1976. He moved to national radio in 1981 where he produced a wide range of investigative documentaries and series. As an executive producer and editor he led programme teams on the BBC’s principal radio and television services until his appointment as Controller of Radio Production for the BBC in 1999. He was appointed Deputy Director of BBC Radio in 2013 and is additionally responsible for the production of popular and classical music programmes for BBC Television. Graham is a fellow of the Radio Academy and chairman of the radio committee of the European Broadcasting Union.
David has worked for the BBC since 1996; he’s currently a Producer for Radio 3. David has worked in Radio for over 25 years.