BBC Pension Scheme

The Pensions Ombudsman (PO) has ruled that the BBC Pension Scheme's 1% cap on future pensionable salary increases was not a breach of duty.

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 BBC Pension Scheme has been taken to the High Court over changes to member benefits it made last year, PP can reveal.

The BBC Pension Scheme deficit has risen from £1.1bn to £1.4bn over the past year, despite the fund exceeding expectation on its investment performance.

The BBC Pension Scheme's head of pensions investments is retiring after 11 years in the position.

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The BBC has agreed an 11-year repayment plan with the scheme trustees to address its £1.1bn deficit.

The ongoing pensions dispute between BBC and unions looks set to end after the National Union of Journalists has agreed to terms secured at ACAS.

The BBC is meeting joint union officials at the Advisory, Conciliation and Arbitration Service today to clarify a final point in its pension reform proposals.

The BBC has confirmed it will use Friends Provident to run a defined contribution scheme for new members.