BBC in High Court over pension scheme reforms

A BBC employee has taken the corporation to the High Court claiming last year's cap on future pensionable salary increases at 1% is illegal. In a deal in 2010, the broadcaster offered members a chance to join a new career average section called CAB 2011, join its defined contribution scheme LifePlan or remain in the old section with a 1% cap on future pensionable salary increases. The employee, who is a clarinettist in the BBC Philharmonic Orchestra, appealed to the Pension Ombudsman over the reform last year. The member said the BBC failed to reference limiting increases in basic ...