The BBC will look to head to court to review its commitment to its defined benefit (DB) scheme, which is says have increased from 15% to an unmanageable 42% of pensionable salaries over the last decade.
It was reported today (12 May) by The Times that the BBC pays around £182m a year in staff pension contributions, £147m of which goes into its DB scheme which closed to new members in 2010. Less than...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
