Court rules BBC's pensionable pay cap lawful

A BBC employee's challenge to the 1% cap on increases to pensionable pay introduced by the corporation in 2010 has been rejected by the High Court. 

• Court rules BBC's pensionable pay cap lawful In common with many employers, the BBC introduced the cap to reduce the liabilities under its closed final-salary scheme. 

Also

Government outlines agreements for five new pension schemes for public services The Government has announced details of the five new career-average pension schemes for public services. Occupational Pensions magazine examine what the schemes will look like. 

Pensionable pay cap provides a solution for ailing defined-benefit schemes Employers are increasingly introducing pensionable pay caps for members in final-salary schemes in order to reduce pension liabilities.