UK - Annual savings from the sale of the BBC's technology division could be enough to offset the corporation's annual pension costs of £33m.
BBC Technology is understood to be worth £100m, and its sale is expected to save the corporation up to £30m a year in running costs.
The BBC’s annual report showed scheme costs to be around £33m per year – less than 1% of income. This annual figure could be almost entirely offset by the sale.
Director-general Greg Dyke has promised staff that pension arrangements would be an “important issue” in the sell-off of the technology division.
The BBC pension scheme currently has an FRS17 deficit of £1bn.
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