Licence Payers Fund BBC Chief's £8m Pension

Two BBC bosses have racked up the biggest pensions in the public sector, together worth more than £14m.

Mark Byford, 51, the deputy director general, is to receive a pension of at least £229,500 a year from a pot valued at almost £8m. This could rise to more than £10m if he works at the BBC until the age of 60.

Alan Yentob, 62, the arts presenter and creative director of the BBC, has accumulated a pension worth £6.3m, giving an annual retirement income of £216,667 for the rest of his life, according to new research.

Until now it was thought that Mervyn King, governor of the Bank of England, had Britain’s largest public sector pension. His pension pot is valued at £5.7m, paying a retirement income of £198,613 a year.

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