High Court rules against cutting future BBC DB benefits

BBC will not be able to cut DB member benefits but can make other rule changes in the future

Jasmine Urquhart
clock • 3 min read
High Court of Justice
Image:

High Court of Justice

The High Court has ruled that the BBC cannot cut future benefits for members of its £19.8bn defined benefit (DB) scheme but can make other changes without employees’ consent.

The ruling, handed down on Friday (28 July), means the future service benefits of employees who joined the company before 1 December 2010 (members of the DB scheme) will not be curtailed.  To re...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Jeremy Hunt made the pot for life announcement as part of today's Autumn Statement

'A sea-change in workplace pension provision' - reaction to pot for life proposals

Industry says reforms raised questions for employers and needed careful consideration

Jonathan Stapleton
clock 22 November 2023 • 5 min read
Copyright HM Treasury

Autumn Statement 23: The pension announcements in full

What we know so far on a day of seismic change for the pension industry

Jonathan Stapleton
clock 22 November 2023 • 6 min read
Autumn Statement 23: LTA abolition remains on target for April 2024

Autumn Statement 23: LTA abolition remains on target for April 2024

Autumn Statement documents confirm LTA abolition on track

Jenna Brown
clock 22 November 2023 • 1 min read
Trustpilot