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High Court puts a stop on future changes to BBC pension benefits
The case could have potential implications for a number of employers with DB pension schemes, not just the BBC
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Church Commissioners urge governments to enact policies supporting 1.5°C pathway
NZAOA wants to see countries submit ambitious Nationally Determined Contributions in line with the 1.5°C pathway
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BBC scheme strikes £3bn longevity swap, Aon plan in £510m buy-in
BBC deal is the seventh announced longevity swap this year
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People moves: New chairs for PGGM, BBC Pension Scheme
BBC, PGGM, Muzinich, BlackRock, Aviva Investors, Franklin Templeton, Vanguard, BNP Paribas AM, SBAI, Invest Europe, NZ Super
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People moves: BBC appoints former BT scheme boss as trustee [updated]
BBC, L&G, CQS, FCLT, CalPERS, APK, Central Beheer, Xerox, Metro, Telegraaf, Pantheon, Merian, SEI, Amundi, M&G, Willis Towers Watson
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IPE ESG Briefing: COP29 dubbed ‘Finance COP’
Plus: Church Commissioners’ message on policies supporting 1.5°C pathway; NZAOA discloses portfolio decarbonisation of 80 asset owners
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BBC scheme seeks to cap inflation increases with risk-transfer exercise
BBC Pension Scheme hopes as much as 10% of members will sign away need to offer inflation-proofed benefits
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Long-dated UK bonds drive 20% return at BBC Pension Scheme
Pension fund increases assets by £2bn with short-term gain in UK Gilt holdings
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UK roundup: BBC, TUC
UK – The BBC is expected to water down plans to close its final salary pension scheme and put forward new proposals to plug the scheme's £2bn pension deficit.
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BBC commits £1.9bn in contributions to wipe out pension deficit
Adjustment to payment schedule required after £900m rise in deficit
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The Red Emperor: Xi Jinping and his new China
Visiting China in the late 1990s and early 2000s was an exhilarating experience for any business traveller. There was a sense that the country was opening and moving forward
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BBC pension fund transfers investment management from CBRE to Orchard
Scheme to retain CBRE to oversee property management for some portfolio assets.
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UK roundup: Bank of England, QE, NAPF, BBC, TPR
Bank deputy governor dismisses claim QE had more than 'small' impact on pension deficits.
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UK roundup: ONS, BBC, pension de-risking
UK – A third of UK pensioners rely solely on the state pension in retirement, according to figures from the Office of National Statistics, while the BBC has defended proposed changes to its defined benefit (DB) scheme.
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BBC pension fund deficit almost doubles due to interest rates
UK – Scheme for public service broadcaster sees funding ratio fall to 78% despite £170m deficit reduction payments.
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UK roundup: The Pensions Regulator, BBC, CBI, NEST
UK – The Pensions Regulator has cut the salary and working hours for its yet-to-be appointed chairman in response to the coalition government's call for public bodies to show pay restraint.
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UK roundup: BBC, Interserve, Axa Investment Managers
UK – The BBC’s director general Mark Thompson yesterday admitted that there was ‘anxiety and anger’ over proposed changes to the broadcaster’s pension scheme.
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BBC pension fund drops £1.6bn
[17:15 CEST 06-07] UK – The value of the BBC Pension scheme dropped £1.6bn (€1.86bn) to £6.5bn at the end of March 2009.
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UK unions warn of BBC pensions strike
UK – Trade unions have warned they may resort to industrial action if the BBC continues with plans to raise employee contributions, despite a £275m surplus.
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BBC to close scheme to new members as deficit hits £2bn
UK – The BBC has initiated a three month consultation on changes to its £8.23bn (€10.16bn) defined benefit (DB) pension scheme following a deficit increase to around £2bn in 2009 from £470m in 2008.