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The newspaper for BBC pensioners Filming in Antarctica Page 8 October 2016 • Issue 5 Volunteer Nightingale Test Match Visitors 2016 Square Special Page 2 Page 6 Page 9 NEWS • MEMORIES • CLASSIFIEDS • YOUR LETTERS • OBITUARIES • SUDOKU 02 BACK AT THE BBC BBC Volunteer Visitor Scheme Conference 2016 One hundred volunteer visitors attended this year’s annual conference, including eleven new recruits who were warmly welcomed by Cheryl Miles, the BBC Volunteer Visitor Coordinator. eld in Cardiff in early August, ‘People of our generation rely more on the conference gave the BBC emotions and experiences to make judgments, volunteer visitors an opportunity Did you know? which actually makes us more susceptible Did you know? to hear from various speakers to misinformation and scams,’ Roger told Habout issues that might affect their ‘visitees’ – • Over half a million over-65s the conference. There has been a noticeable • The BBC Pension Scheme is BBC pensioners aged 70+, or those recently downloaded a banking app last year. increase in the number of scams targeting projected to be paying benefits bereaved or in poor health, who want some elderly people. In fact, over half of people for at least another 80 years. company from a fellow retired BBC person. • 300,000 over-65s receive banking over 65 said they had received some sort of The first afternoon session was kicked off updates by text message. communication – a phone call, a text, email, • The current level of pension by Roger Hatherell, an independent financial post – that they believed to have been a scam. payments is expected to more than adviser and expert in ‘intergenerational • Around a third of the UK Roger then looked at estate planning, double over the next 30 years or so. wealth planning’. population is aged 50+. including proposed changes to Inheritance Roger began his session with some Tax laws and other ways of passing on your interesting facts on Britain’s ageing • There are almost 10 million people accumulated wealth to your loved ones. The Trustees and the BBC reach agreement population. aged in the 65-84 age bracket. He pointed out that even if you’re receiving over which assumptions to use in calculating a pension, you can still pay into a pension (up how much the Scheme needs in the tank. to £3,600 a year) and benefit from tax relief For example, if the calculations were based on your contributions. If you decide to pay on the assumption that interest rates would into a pension for a grandchild, for example, be high in future, then you wouldn’t need and pay the maximum allowed for 18 years, as much money in the tank. ‘In fact,’ said MYSTERY SUDOKU by the time your grandchild turns 65 their Alison, ‘in years of high interest rates we pension pot could be worth a whopping often had a surplus in the tank; now with Neil Somerville has kindly stepped in to provide this mystery sudoku while Jim Palm, £1 million. historically low interest rates most pension our Crospero compiler, recovers from a fall. We wish Jim a speedy recovery! Roger also reminded the visitors that many schemes have a shortfall.’ legal firms participate in Free Wills Month campaign, a charity fund-raiser which takes D A place in October. The idea behind this event is ‘People of our generation that those taking up the offer will leave a gift T R A in their Wills to one of the selected charities – rely more on emotions although they are under no obligation to do so. Find out more at: and experiences to make T I R www.freewillsmonth.org.uk judgments, which actually AB G T Willis Towers Watson makes us more susceptible The second speaker of the day was Alison Blay from Willis Towers Watson, the firm to misinformation D I that carries out actuarial services for the BBC Pension Scheme, including the triennial and scams’ B I E M actuarial valuation. The 2016 actuarial valuation (the 11th BBC BBC Pension Scheme CEO valuation that Alison has been involved with) In the third and final session of the day, the I A D is currently under way, so Alison came to the visitors were introduced to John Cullen, the conference to explain how a valuation works new CEO of the BBC Pension Scheme who E M T and why it is so important. took over from Joy Moore. John ran through She described the BBC’s contributions to a brief resumé of his background before the Scheme as being like a tap, filling up a tank looking at his first impressions of the BBC M E of water. ‘My job is to work out how much Scheme. These were, in a nutshell: money the Scheme needs in the tank to pay • a good quality, responsive and Complete the grid so that every row, column and 3x3 box contains the letters ABDEGIMRT in some order. One row or column contains a five-or-more-letter word or out all the benefits that have been promised caring service name with a BBC connection. Solve the sudoku to discover what it is and send your to members under the Rules. If the tap was • unusual in that most things are managed answer to: The Editor, Prospero, BBC Pension and Benefits Centre, Broadcasting House, turned off, we need to ensure the Scheme in-house and have not been outsourced Cardiff CF5 2YQ by 7 November 2016. The winner gets a £10 voucher. could be self-sufficient and carry on paying to third party suppliers the benefits.’ • a vocal and active membership Please send your editorial contributions, or comments/ feedback, to: Prospero, BBC Pension and Benefits Centre, Prospero is provided free of charge to retired Scheme Broadcasting House, Cardiff CF5 2YQ members, or to their spouses and dependants. Email: [email protected] Prospero provides a source of news on former colleagues, Please make sure that any digital pictures you send are developments at the BBC and pension issues, plus classified scanned at 300 dpi. adverts. It is available online at www.bbc.co.uk/mypension To advertise in Prospero, please see page 12. The next issue of Prospero will appear in December 2016. The copy deadline is Monday, 31 October 2016. PROSPERO OCTOBER 2016 03 Dementia Friends The final session of the conference was a workshop run by Dementia Friends. This is an What is the Alzheimer’s Society initiative, which aims to create dementia-friendly communities where people are more aware of what life is like for Volunteer someone with dementia. For example, you might get impatient with an elderly person in Visitor Scheme? a shop or a pub, who is blocking an entrance to a doorway. If they have dementia, it could The BBC Volunteer Visitor Scheme be that they are having difficulty processing a is run by BBC pensioners, for very swirly or patterned carpet. To someone BBC pensioners. with dementia, it might look like a very uneven It provides a friendly contact for surface or even a gaping hole in the ground. our older pensioners (or those in poor health or recently bereaved), A Dementia Friend learns a little bit more who may appreciate a regular visit or about what it’s like to live with dementia and telephone call to maintain a link with then turns that understanding into action. the Corporation. We currently have Actions can include things like: 180 visitors, but there are still areas • Getting in touch with someone you know where we need volunteers. living with dementia • Volunteering for an organisation that helps • Birmingham Visitors Ann Johnston and Joe Keaney on stage at the conference. people with dementia • Bournemouth • demanding and very engaged Trustees The speaker at their first lunch was Roger • Campaigning for change, eg by signing who want to deliver the best service Johnson, a local news anchor, who took the up to Alzheimer’s Society’s campaigns to • Poole possible to members. group around the studio even though they improve the lives of people with dementia • Eastbourne He gave a flavour for the types of issues weren’t supposed to get access. In the second • Wearing a Dementia Friends badge and he has been working on since joining the year, the speaker was Martin Henfield – well telling five friends about the Dementia • Crewe BBC – the fiendishly complicated VAT rules known in the area and a very accomplished Friends initiative. for pension schemes that could result in after-dinner speaker; and this year they You can find out more at: • Barrow-in-Furnace www.dementiafriends.org.uk significant costs for the Scheme if they don’t had Dave Guest, chief reporter on • Macclesfield work out how to recoup the VAT; the Pension Northwest Tonight. The conference was then closed by Protection Fund levy and why the Scheme The floor was then opened to other Ian Cutter, Head of Pension Shared Services, • Telford is appealing the way the premium has been visitors who shared what they had been who thanked all the visitors for the time assessed; and GMP reconciliation – a ‘major doing outside the ‘normal’ role of the visitor and effort they put into volunteering for If you’d like to find out more, call the piece of work’ for the in-house team. and what practical issues they might want to the Scheme, and also Cheryl for once again pension service line on: 029 2032 2811. The Trustees are also looking into the consider in setting up something similar. organising such a successful conference. possibility of insuring against increasing life expectancy, which is a risk faced by the Scheme as it would increase the amount that is needed in the ‘tank’ (to use the analogy used by Alison Blay in the previous session).