All BBC Pension Scheme articles
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NewsBBC strikes £6bn longevity swap deal to extend scheme insurance
The broadcaster’s defined benefit pension scheme has secured a longevity swap transaction with MetLife and Zurich, five years after its first such deal was completed.
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FeaturesIs better funding leading to changes to valuation dates?
After the BBC decided to bring forward its triennial valuation in light of improved funding, Pensions Expert looks at whether more schemes are likely to follow.
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NewsBBC reschedules valuation as scheme hits surplus
The broadcaster’s £13.8bn defined benefit scheme registered a £103m surplus at the end of March this year.
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OpinionBBC burnt in attempt to save pension costs
A recent court ruling has stated that members’ interests can include their expectation of earning future service benefits, as Arc Pensions Law’s Kris Weber explains.
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NewsTrustees ‘must be wary of cyber risks’ after BBC breach
Law firm Burges Salmon has urged pension scheme trustee boards to put cybersecurity high on their agendas following recent data breaches.
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NewsBBC appeals against High Court ruling
The BBC confirmed there will be no reduction to any pension benefits already built up and nothing will change before the second half of 2024.
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NewsWhat does High Court ruling mean for the BBC and other DB pension schemes?
The High Court has quashed an attempt by the BBC to limit the costs of its future DB obligations. Pensions Expert looks at what the ruling means.
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NewsMNT resigns as BBC looks to High Court to change member benefits
The BBC will ask the High Court if it can make changes to its defined benefit pension scheme as part of a review of its ability to potentially close the scheme to future accrual, which has sparked the resignation of one member-nominated trustee.
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News£300bn of assets linked to deforestation, BBC sets net zero goal
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with research showing more than £300bn of pension assets are linked to deforestation, the BBC Pension Scheme committing to net zero, and Brunel Pension Partnership hiring two new ESG managers.
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NewsDerisking activity ramps up in Q3
Data crunch: Derisking activity picked up in the third quarter of 2021, as bulk annuity transactions reached their highest point of the year.
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News
BBC Pension Scheme agrees £3bn longevity swap
On the go: The BBC Pension Scheme has completed a longevity swap with Zurich and Canada Life Reinsurance covering more than £3bn of pensioner liabilities.
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FeaturesBBC matches cash flows after strong 2017 returns
The BBC Pension Scheme has slashed its exposure to equity markets, in an attempt to lock in recent outperformance with liability-driven investment, private credit and alternative matching assets.
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NewsBBC expands trustee board
The BBC pension scheme has changed the structure of its board, appointing two independent members. The scheme is now recruiting a third independent trustee. The changes take the total number of trustees to 11 from previously nine.
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News
TPR gets stronger, the government weaker: Top 5 law and regulation stories from 2017
Year in review: If the UK government’s all-consuming struggle to strike a beneficial Brexit deal can bring any relief to pensions professionals, it is that departments have not had time for the pensions tinkering so despised by the industry.
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NewsBBC pensions cap ruling offers reassurance to DB employers
A Court of Appeal judgment safeguarding the BBC’s right to cap increases to pensionable salary has reassured employers that they can take reasonable steps to address their defined benefit deficits, according to pensions lawyers.
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FeaturesBBC aims to drive down fees in private markets strategy
The BBC scheme lowered its overall investment management fees by £3m over five years, while further increasing its significant exposure to private markets, a move the scheme says allows it to match liabilities at the same time as generating capital growth.
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Features
BBC couples derisking with flexibility for DB members
The BBC is offering a pension increase exchange to its pensioners, upping the options available to defined benefit members just months after offering to pay for advice for those considering transferring out of the scheme.
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News
BBC to lay on financial advice for members looking at transfers
The BBC is to offer paid-for independent financial advice to help members get the most from the pension freedoms, in particular to support those considering transferring their assets.
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News
BBC plan sees slight deficit improvement as contributions bed in
The BBC has seen a small improvement in its accounting pension deficit as it embarks upon a 12-year plan of additional contributions to boost its scheme funding.
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News
NUJ to appeal ombudsman ruling over BBC pensionable pay cap
The National Union of Journalists will appeal the pensions ombudsman’s determination that the BBC’s pensionable pay cap did not breach its obligations, as more employers look to such tools to derisk schemes.