The Trustees have published the results of the 2008 interim valuation of the Scheme, together with the annual and summary reports for 2009.
As many of you know from personal experience, the last year has been a tough one. The Scheme like many other pension schemes, has not been immune from the turbulence that has affected markets around the world.
These are unprecedented times but the Trustees recognise that the investments are long term in nature. It is important to
understand that the Scheme has a positive cash flow and so does not need to sell equities at depressed rates to fund the payment of pensions. Furthermore, the Trustees believe that the BBC's covenant and support for the Scheme remains strong. They
will continue to monitor the position carefully.
