BBC to review costly DB scheme commitment in court

Broadcaster seeks a review its high-cost legacy pension arrangement as costs spiral

Hope William-Smith
clock • 1 min read
BBC to review costly DB scheme commitment in court

The BBC will look to head to court to review its commitment to its defined benefit (DB) scheme, which is says have increased from 15% to an unmanageable 42% of pensionable salaries over the last decade.

It was reported today (12 May) by The Times that the BBC pays around £182m a year in staff pension contributions, £147m of which goes into its DB scheme which closed to new members in 2010. Less...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

XPS issues funding and investment guide for DB schemes

XPS issues funding and investment guide for DB schemes

Six-part series covers long-term strategy, covenant, investments and valuations

Jasmine Urquhart
clock 31 March 2025 • 1 min read
Tender Watch: Access LGPS pool reappoints Waystone as operator

Tender Watch: Access LGPS pool reappoints Waystone as operator

£52bn LGPS pool reappoints Waystone as operator

Professional Pensions
clock 26 March 2025 • 1 min read
DB surplus extraction is an appealing concept to most, PLSA survey finds

DB surplus extraction is an appealing concept to most, PLSA survey finds

Changes to governing rules driving reconsideration of endgame plans

Holly Roach
clock 20 March 2025 • 2 min read
Trustpilot