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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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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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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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Time for honesty in the face of the ESG backlash
Sustainable finance is a broad church: it covers small investors whose clients want their capital to benefit society through to big managers who only consider environmental and social issues if they stand to make money.
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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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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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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.
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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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UK roundup: Diversified growth funds, FTSE100, Towers Watson, BBC, BECTU
Towers Watson survey shows growth of diversified growth funds amoung FTSE100 schemes.
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UK roundup: BBC, Morris Ashby, Pension Insurance Corporation, Key Retirement
UK - The BBC pension scheme has seen its funding shrink by 1% from 88% to 87% since April 2010, the scheme has said in its trustees’ 2011 summary report. The drop is mainly due to lower expectations of future long-term investment returns from equities in 2011 compared with ...