bbpress content not appearing in Protected Content

Hi there,
I'm trying to use PC as a way to moderate user registrations such that anyone can register, but only approved users can see/use bbpress. As such I've created two memberships: basic (open to all) and approved (closed to registrations). I then enabled bbpress integration addon in PC add-ons settings. I tried to set bbpress as being available only to members of 'approved' but don't see any content in the PC admin pages. See screenshots.

Any help is appreciated.