Disclaimers
Terms and conditions
The main provisions for members of the BBC Pension Scheme are described on this website. Some people through their own unusual circumstances may have benefits not covered by the details included on this website.
The definitive provisions of the schemes are set out in the Trust Deed and Rules. Statements are also based on the BBC's current understanding of current law and practices.
Every effort has been made to make sure the website is correct. However, the Trust Deed and Rules will override it in the event of any discrepancy.
The site also contains information about the BBC's Group Personal Pension Scheme (GPPS) and information including the relevant terms and conditions are explained separately.
Data Protection
BBC Pension Trust Limited, the BBC and participating employers must process (ie gather, hold and use) information about you in connection with your membership of the scheme. This processing is necessary:
- to calculate and pay benefits;
- for statistical and reference purposes; and
- to manage the scheme as a whole.
It can involve passing information about you to the scheme's actuary, auditor, advisers and administrator (listed in the annual report), and to anyone else who may need it to run the scheme.
The scheme is registered under the Data Protection Act 1998. If you want to know about your rights under the act, you can call the pension service line.
Discontinuation and Alteration
The BBC has power to discontinue or (with the consent of the trustees) alter the scheme.
The BBC intends to continue the scheme indefinitely. However, in the event of discontinuance, it has no obligation to meet a shortfall in benefits, except as may be imposed by legislation.
HMRC registration
The Pension Schemes Office of Her Majesty's Revenue and Customs has approved the scheme. Consequently contributions to the scheme, its investment income and lump sum benefits all enjoy favourable tax treatment.
It is a condition of approval that the scheme does not pay benefits above certain limits set by HMRC. To comply with these limits it is sometimes necessary to restrict benefits.
