The Committee then stood down and was re-elected by the members attending the meeting.
After the formal business of the AGM and a tea break Albert introduced Catherine Claydon, Chair of BBC Pension Trust Ltd. She explained her background in finance and pensions, and that she is now an Independent Pensioner Trustee having previously served with BT, Unilever, British Steel and Barclays amongst others. Catherine explained that the goal of the Trust is to ensure all beneficiaries receive the benefits they are entitled to under the Scheme. It monitors the balance, provision for future costs, holds assets on trust and ensures proper administration of the scheme. . There is a Formal Valuation (like a financial health check) every three years, but it goes on all the time too, looking at the funding, investment, and covenant. They use a prudent forecast, with diverse investment and an appropriate level of risk. For responsible investments, there is a statement of intent giving environmental, social and corporate guidance. There is a focus on climate, aiming at Net Zero by 2050. A new Pensions Regulator Code (PRC) is being brought in, setting out what good looks like, with proposed targets and standards. The BBC is largely there, with its highest score of 94%. Looking forward, there will be the triennial valuation, funding plans, and a longevity risk review. Catherine apologised that she was unable to take questions as she had another meeting to attend but if members would like to send their questions she would be happy to respond. Albert thanked Catherine for her Presentation.
Our keynote address this year was given by Robert Seatter, Head of History, BBC.
Robert began by explaining that 2022 will be a year of celebration, public engagement, dedicated programming, looking forward with learning at its heart, with history and interpretation, and academic partnership. This year there are landmark events as well as the Jubilee; such as Music with Glastonbury and the Proms; Sport with the Commonwealth Games. David Dimbleby will present “A Very British History”; Connie Huq will present “Here’s one I made earlier”. Past Rewind will dip into the radio archive. There will be dancing, sport, and Dr Who will be used as a metaphor for BBC re-invention. Learning will be at its heart, opening the archive for education. There is a project called “Share your Stories” in secondary schools, creating the next generation of story-tellers. There is a project with the Science and Media Museum at Bradford called “Switched on”; there are 1000 digitised Objects; showcases and trails in London and Manchester. The BBC100 website offers History and Interpretation, with a dynamic timeline, 100 Objects, 100 Faces and 100 Voices. They are looking for more audience memories. View it @ https://www.bbc.co.uk/100
Robert said that the anniversary can be used to remind the public what the BBC is about, and the video trailer “This is Our BBC” had been developed to give the message. After some audience questions and thanks to Robert, Albert closed the meetin