Pensions News

  • Changes to early payment factors for certain Career Average Benefits (CAB 2006 and CAB 2011) members

    Changes to early payment factors for certain Career Average Benefits (CAB 2006 and CAB 2011) members

    From time to time the Trustees and the BBC review the early payment factors.

  • Partial Transfers

    Partial Transfers

    Following the pension changes announced in the Chancellor’s 2014 Budget, the Trustees of the Scheme have agreed that with immediate effect:

  • Pension automatic enrolment

    Pension automatic enrolment

    If you are already in a qualifying pension arrangement (BBC Pension Scheme, LifePlan, and the Group Personal Pension Scheme (GPPS) your membership will continue unchanged.

  • Pension Increase 2014

    Pension Increase 2014

    The pension increase will be applied from 1 April 2014

  • Equitable Life (AVC) update

    Equitable Life (AVC) update

    Following the publication of the Equitable Life's half year results, the society has written to the Trustees to provide an update on a number of important matters.

  • Member nominated Trustee vacancy

    Member nominated Trustee vacancy

    A vacancy for a Trustee will arise when Rhodri Lewis’s term of office ends in April 2014. Rhodri has decided not to seek re-election. The successful candidate will serve a six year term from 1 May 2014 - 30 April 2020.

  • Summary Report 2013

    Summary Report 2013

    2013 has been a busy year for the Trustees as we have been carrying out the three-yearly valuation. Ensuring that the Scheme is appropriately funded is one of the Trustees’ most important tasks and the security of the Scheme has been uppermost in our minds during the year.

  • Encouraging results from 2013 Customer Survey
  • Warning - transfer values and pension scams

    Warning - transfer values and pension scams

    You need to be wary of transferring to schemes offering you loans, cash incentives or access to your funds before age 55 (except in cases of ill-health).

  • Pensioner Trustee Election Result

    Pensioner Trustee Election Result

    Geoff Jones is re-elected for a six year term

  • Pensioner Trustee Nominations

    Pensioner Trustee Nominations

    Geoff Jones' term of office as pensioner elected Trustee, ends on 31 December 2013.

  • Pension Increase 2013

    Pension Increase 2013

    This year's pension increase for Old and New Benefits members of the Scheme is 3.1%. Pensioners will receive a letter at the end of March confirming the details of the increase. The increase will be reflected in your April pension payment.

  • 2013 Customer Survey

    2013 Customer Survey

    From time to time the Trustees ask for feedback to help us monitor member satisfaction in respect of the Scheme related services we provide.

  • 2012 Summary Report

    2012 Summary Report

    The Trustees have today issued the 2012 summary report, which shows the Scheme's deficit has risen from £1.4 billion to £2.6 billion. This was largely due to lower expectations of future investment returns as a result of the fall in real gilt yields, which has impacted all Defined Benefit schemes during the period.

  • Mr J Bradbury v the BBC

    Mr J Bradbury v the BBC

    The Trustees have considered the recent judgment by Mr Justice Warren with their legal advisors who have advised that they should continue to administer the Scheme on the basis of the contractual variation entered into between the BBC and its employees to cap salary increases for pension purposes at 1% p.a., unless and until there is a conclusive ruling that the contractual variation was invalid. The continuing dispute as to the validity of the variation is one between the employer and its employees and it is for them, not the Trustees, to resolve it.

  • Trustee election results

    Trustee election results

    Grant Cassidy has been re-elected for a six year term. He received 1,102 votes of the 2,073 votes cast (out of a possible 15,784). Dr Colin Thomas came second with 336 votes.

  • Trustee Election Result

    Trustee Election Result

    David Gallagher has been elected as the Member Nominated Trustee

  • My Pension - News

    My Pension - News

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  • Changes to early payment factors for certain Career Average Benefits (CAB 2006 and CAB 2011) members

    Changes to early payment factors for certain Career Average Benefits (CAB 2006 and CAB 2011) members

    From time to time the Trustees and the BBC review the early payment factors.

  • Partial Transfers

    Partial Transfers

    Following the pension changes announced in the Chancellor’s 2014 Budget, the Trustees of the Scheme have agreed that with immediate effect:

  • Pension automatic enrolment

    Pension automatic enrolment

    If you are already in a qualifying pension arrangement (BBC Pension Scheme, LifePlan, and the Group Personal Pension Scheme (GPPS) your membership will continue unchanged.

  • Pension Increase 2014

    Pension Increase 2014

    The pension increase will be applied from 1 April 2014

  • Equitable Life (AVC) update

    Equitable Life (AVC) update

    Following the publication of the Equitable Life's half year results, the society has written to the Trustees to provide an update on a number of important matters.

  • Member nominated Trustee vacancy

    Member nominated Trustee vacancy

    A vacancy for a Trustee will arise when Rhodri Lewis’s term of office ends in April 2014. Rhodri has decided not to seek re-election. The successful candidate will serve a six year term from 1 May 2014 - 30 April 2020.

  • Summary Report 2013

    Summary Report 2013

    2013 has been a busy year for the Trustees as we have been carrying out the three-yearly valuation. Ensuring that the Scheme is appropriately funded is one of the Trustees’ most important tasks and the security of the Scheme has been uppermost in our minds during the year.

  • Encouraging results from 2013 Customer Survey
  • Warning - transfer values and pension scams

    Warning - transfer values and pension scams

    You need to be wary of transferring to schemes offering you loans, cash incentives or access to your funds before age 55 (except in cases of ill-health).

  • Pensioner Trustee Election Result

    Pensioner Trustee Election Result

    Geoff Jones is re-elected for a six year term

  • Pensioner Trustee Nominations

    Pensioner Trustee Nominations

    Geoff Jones' term of office as pensioner elected Trustee, ends on 31 December 2013.

  • Pension Increase 2013

    Pension Increase 2013

    This year's pension increase for Old and New Benefits members of the Scheme is 3.1%. Pensioners will receive a letter at the end of March confirming the details of the increase. The increase will be reflected in your April pension payment.

  • 2013 Customer Survey

    2013 Customer Survey

    From time to time the Trustees ask for feedback to help us monitor member satisfaction in respect of the Scheme related services we provide.

  • 2012 Summary Report

    2012 Summary Report

    The Trustees have today issued the 2012 summary report, which shows the Scheme's deficit has risen from £1.4 billion to £2.6 billion. This was largely due to lower expectations of future investment returns as a result of the fall in real gilt yields, which has impacted all Defined Benefit schemes during the period.

  • Mr J Bradbury v the BBC

    Mr J Bradbury v the BBC

    The Trustees have considered the recent judgment by Mr Justice Warren with their legal advisors who have advised that they should continue to administer the Scheme on the basis of the contractual variation entered into between the BBC and its employees to cap salary increases for pension purposes at 1% p.a., unless and until there is a conclusive ruling that the contractual variation was invalid. The continuing dispute as to the validity of the variation is one between the employer and its employees and it is for them, not the Trustees, to resolve it.

  • Trustee election results

    Trustee election results

    Grant Cassidy has been re-elected for a six year term. He received 1,102 votes of the 2,073 votes cast (out of a possible 15,784). Dr Colin Thomas came second with 336 votes.

  • Trustee Election Result

    Trustee Election Result

    David Gallagher has been elected as the Member Nominated Trustee