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
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.
Pensioner Trustee Director election result
Richard Collings has been elected Pensioner Trustee Director to the BBC Pension Trust Board.
Summary Report 2025
The 2025 Summary Report from the Trustee Board with the latest news and funding updates on the BBC Pension Scheme is now available. We have also published the 2025 Full Annual Report and Accounts.
Pensions in payment annual increase 2025
Under the Rules of the BBC Pension Scheme, pensions in payment are reviewed annually and guaranteed increases are awarded on 1 April based on the Retail Prices Index (RPI) or Consumer Prices Index (CPI) for the previous calendar year ending 31 December, subject to a cap.
