Pensions News Archive
Here you will find an archive of previous Scheme news
Pensions news archive
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.
2024 Valuation completed
The Chair of the Trustee Board explained in the 2024 Summary Report that the Trustee of the Scheme and the BBC had agreed to carry out a full actuarial valuation as at 1 April 2024.
Commutation Factors Are Changing
The rate at which pension that is about to start can be exchanged for a lump sum at retirement is changing from 1 January 2025.
Member Liaison Meeting 2024
We held this event again on the 15 November 2024. We would like to invite all members to view a recording of the online meeting to hear from the Chair of the Board, Director of Governance and Operations and Director of Investments who provided this year’s updates.
Summary Report 2024
The 2024 Summary Report from the Trustee Board including the latest news and updates on the Scheme's investments is now available. We have also published the Full Annual Report and Accounts.
Update on data security incident
The BBC’s information security team has alerted us to a data security incident, in which some files containing personal information of some BBC Pension Scheme members were copied from a cloud-based storage service.
Pension Scheme Factor Changes
Some Scheme factors are changing from 1 April 2024
Pensions in payment annual increase
Under the Rules of the BBC Pension Scheme, pensions in payment are reviewed annually
Member Trustee Director election result
Ben Cryer has been elected as Member Trustee DirectorMember Liaison Meeting
The meeting will take place on the 30 November at 10.30am. Here's the details and the link to join.
Vote for your Member Trustee Director
Voting is now open to elect a Member to sit on the Trustee Board.Summary Report 2023
The 2023 Summary Report from the Trustee Board including the latest funding updates, news and updates on the Scheme's investments is now available
Member Liaison Meeting 2023
We would like to invite all members to attend an online meeting to hear from the Chair of the Board, Chief Executive Officer and Director of Pension Investments who will provide this year’s updates.Pension Scheme Member Trustee vacancy – applications invited
The BBC Pension Scheme (the Scheme) is looking for a Scheme member to join its Trustee Board. Applications are welcome from all employees who are contributing or deferred members of the SchemeZellis BBC payroll data disclosure
The Trustee of the BBC Pension Scheme (the Scheme) is aware that the BBC has been informed by its supplier IBM that their contractor, Zellis, has been affected by a vulnerability in the third-party software it usesPension Increase 2023
The provisions for determining how pensions increase are set out in the Trust Deed and Rules. The increases applying from 1 April 2023 are as followsPartial Transfers
The Scheme is introducing a new option for members to consider when making their pension choices. Recognising that some members may want a mix of some pension payable for life from the BBC Pension Scheme plus pension saving that can be accessed more flexibility, from 1 April 2023 you may be able to request a partial transfer of your pension.New Initiative - Member Liaison Meeting
A recording of the Member Liaison Meeting is now available for you to watch. Hear from Executive members of the Pensions Team who provided the latest information on the Scheme including Funding Updates, Investments, and any relevant news around pension legislation.Member Trustee Director election result
Hannah Sander has been elected as Member Trustee DirectorSummary Report 2022
The 2022 Summary Report from the Trustee Board is published today
Vote for your Member Trustee Director
Voting is now open to elect a Member to sit on the Trustee BoardMember 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 has arisen for a term running to 30 April 2026.BBC Future Pension Review
The BBC has said it is reviewing its future pension provision for its employees and that the BBC Board has, therefore, recently decided to ask the High Court to rule on the correct interpretation of one of the Rules of the BBC Pension Scheme.Pension Increase 2022
The provisions for determining how pensions increase are set out in the Trust Deed and Rules. The increases applying from 1 April 2022 are as followsNet Zero Commitment
The Trustees have committed to managing the investment portfolio in line with achieving net zero greenhouse gas emissions by 2050.Transferring your pension
New transfer regulations to protect members from pension scamsMember Trustee election result
Kristina Block has been re-elected as Member Trustee to the BBC Pension Trust Board.
Member Survey 2021
We would very much welcome your feedback and ask that you complete a short survey. All feedback received forms part of our aim of delivering a high quality service to members by building on those aspects that you value and applying this approach across everything we do.Summary Report and Funding Update 2021
The Trustees are publishing the Pension Scheme Summary Report for 2021 today.
