THE BBC will have to divert licence-fee money into its pension fund after it discovered a £1billion "black hole", worsened by gold-plated payouts to staff.
It may need to pour in extra "deficit payments" of as much as £100m a year - nearly equivalent to the annual budget of Radio 4 - meet the shortfall.
News of the black hole will renew public disquiet at the lucrative retirement benefits racked up by its top executives.
The combined value of the retirement pots of five senior BBC executives is £35m - led by Mark Byford, the deputy director-general, who has accrued an annual retirement income of £229,500 from a pot that would cost almost £8m to buy on the open market. more...
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THE BBC will have to divert licence-fee money into its pension fund after it discovered a £1billion "black hole", worsened by gold-plated payouts to staff.
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