The BBC has seen its scheme shortfall rise by more than a billion pounds after a 10% increase in liabilities cancelled out £170m in deficit recovery contributions.
The broadcaster's annual update on the scheme, published today, showed the deficit on an on-going basis had grown from £1.4bn to £1.6bn over the last 12 months. The funding level on this basis f...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
