Does the BBC have to act now?

Another interesting statement by Jan Killick in Ariel this week concerned whether the BBC really had to act now. The answer was carefully worded: UK funding regulations mean that the current actuarial valuation, at April 1st 2010, has to be finished before June 30th 2011, when the Scheme Trustees publish the results. I may be missing something here, but that seems like a very strong reason for getting on with the actuarial valuation. It doesn’t say anything about the timescale for needing to take action to reduce the deficit. Perhaps the valuation has to include a plan for reducing the deficit, but that would be strange; surely you need to know the full scale of the deficit before deciding on the plan of action? It is worth considering if one option we should be pushing for is a simple delay to wait and see what is the result of the next valuation.

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