Pensions News
Here you will find the latest news about the Scheme
BBC Review of Future Pension Provision - The BBC has said that it is reviewing its future pension provision for employees. You can find out more herePensions news
Member Trustee Director election result
Anthony Reuben has been elected as Member Trustee Director
Pensions in payment annual increase 2026
Under the Rules of the BBC Pension Scheme, pensions in payment are reviewed each year and guaranteed increases are awarded on 1 April. Increases are based on the Retail Prices Index (RPI) or Consumer Prices Index (CPI) for the previous calendar year ending 31 December, subject to a cap.
Vote for your Member Trustee Director
Voting is now open to elect a Member to sit on the Trustee Board.
Longevity swap transaction
In December 2020, the Scheme executed its first longevity swap transaction, to provide some insurance against future increases in life expectancy. In November 2025, the Scheme executed a second transaction.
Watch a recording of the 2025 Member Liaison Meeting held on 14 November.
Catherine Claydon - Chair of the Board, Ben Harvey - Director of Governance and Operations and James Duberley - Director of Investments provide this year’s updates.
Career Average Benefits pensions in payment to increase
Under the Rules of the BBC Pension Scheme, every year the Trustee and the BBC must jointly consider whether to award a discretionary increase to Scheme pensions in payment, in addition to the guaranteed annual increase due and paid each April. Any discretionary increase is a one-off and can only be made with the agreement of both the Trustee and the BBC.Member Trustee candidates sought
An opportunity has arisen to play an important role in the future of the Pension Scheme. A vacancy for a Member Nominated Trustee Director will arise for a term running to 30 April 2032.
