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 four 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 thier biographies here.
You can find out more about how the Scheme is managed by reading the Scheme's governance booklet. You can get a copy from the documents page.
The fund
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.
The Scheme is registered for tax purposes with HM Revenue & Customs.
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.
Annual report
Copies are available from the documents page.
Pensions Regulator
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
Tel: 0870 606 3636
thepensionsregulator.gov.uk
Discontinuance and alteration
The BBC has the power to discontinue or, with the consent of the Trustees, alter the Scheme.
