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The BBC believes the Scheme gives BBC MY PENSION ONLINE. login or register to access personal information regarding your BBC pension. Not registered yet? Registration is easy and you only have to do Here you will find details about myPension Online, Pension Increases, Prospero, Death Benefits and ways in which we help our pensioners Smart Pensions Contributions through Smart Pensions As a member of LifePlan – the BBC’s defined contribution plan contributions will be met through a salary sacrifice arrangement. This is called “Smart Pensions”. Your basic salary will be reduced by the amount you have chosen to be contributed to LifePlan and as a BBC Pensioners’ Association – BBCPA was founded in 1988 to promote and safeguard the interests of BBC pensioners.

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It is also available for staff who joined the BBC before 1  BBC LifePlan Master Trust Pension Scheme Charges and Governance Reporting The value of your pension pot at retirement will depend on the amount that's  Feb 14, 2011 Excludes BBC Magazines titles sold and licensed in the year. contribution schemes (Lifeplan and the Group Personal Pension Scheme). To opt out of the Scheme completely and join the BBC Life. Plan, a DC arrangement. 1 John Bradbury v British Broadcasting Corporation [2012] EWHC. 1369 Ch. Find out about LifePlan, the BBC's defined contribution pension scheme Pensioners Find out about pension increases, death benefits and Prospero, the  1193 0 obj <>stream Find out about LifePlan, the BBC's defined contribution pension scheme. It is clear that the pension scheme is top heavy and the level of   Investment Pathways · With-profits · Workplace pension · Fund News and Updates All FAQs · Savings · Pensions · Retirement · Life Plan · General · Online  Dec 15, 2020 The BBC Pension Scheme has completed a longevity swap that covers more than £3bn (€3.3bn) of pensioner liabilities, while the Aon  Welcome group pension members.

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The agreement will have an initial term of 5 Years (plus two one year extensions at the sole discretion of the BBC (the ‘Term’) commencing on 1.7.2017 and ending on 30.6.2022. As a member of LifePlan – the BBC’s defined contribution plan, contributions will be met through a salary sacrifice arrangement. This is called “Smart Pensions”.

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However, you can join the BBC’s defined contribution plan (LifePlan) and receive additional life cover through a separate arrangement provided by the BBC. Scale Pension Early payment reduction Early - = pension John leaves the BBC on his 55th birthday and has a final pensionable salary of £30,000 and has built up 30 years’ pensionable service. The Pension Plan Provider will select and manage range of funds that will feature in LifePlan/GPP, and provide a portal for BBC employees to choose/manage their pension savings. The agreement will have an initial term of 5 Years (plus two one year extensions at the sole discretion of the BBC (the ‘Term’) commencing on 1.7.2017 and ending on 30.6.2022. As a member of LifePlan – the BBC’s defined contribution plan, contributions will be met through a salary sacrifice arrangement. This is called “Smart Pensions”. Your basic salary will be reduced by the amount you have chosen to contribute to LifePlan and as a result you pay less National Insurance contributions. How does it work?
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Pension The scheme available to all new employees is a defined contribution scheme known as LifePlan. Your 2021-04-01 · A revaluation increase of 1.2% on 1 April 2021 to pensions built up to 31 March 2020 for active and deferred CAB 2006 members. A revaluation increase of 0.6% on 1 April 2021 to pensions built up Our pension service line is available from 8.30am to 5.00pm, Monday to Friday, on 029 2032 2811 (internal: 01 22811). Alternatively you can write to: Operations and Communications Manager BBC LifePlan Master Trust Pension Scheme Charges and Governance Reporting The value of your pension pot at retirement will depend on the amount that's paid in as well as your investment returns after charges, so it's important that charges represent value for money and that investments are appropriate for you and other scheme members.
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If the employee is also an active member of LifePlan, the BBC’s defined contribution arrangement, an additional cash sum may be payable, but not as part of Scheme benefits. The BBC will pay a regular contribution into your pension based on a fixed percentage of your pensionable salary. Please see the table below for further details. Your SMART Contribution BBC Contribution Total LifePlan 5% 5% 10% 6% 7% 13% 7% 8% 15% 8% 10% 18% 8% or more 10% Maximum 10% BBC plus your Smart Contributions A well managed pension scheme is one that is continuously reviewed. It is vital that pension schemes are looked at regularly to ensure that they deliver good member outcomes.

This is called “Smart Pensions”. Your basic salary will be reduced by the amount you have chosen to be contributed to LifePlan and as a BBC Pensioners’ Association – BBCPA was founded in 1988 to promote and safeguard the interests of BBC pensioners. It is independent of the BBC. Three open regional meetings are held a year.