The Pensions Regulator: “ITV should now offer financial support to Box Clever pension scheme”

24 June 2019

The Pensions Regulator publishes on its website:

“The Pensions Regulator (TPR) is again calling on ITV to fund the Box Clever pension scheme following another court ruling that TPR was right to use its powers to seek financial support

The Court of Appeal today dismissed ITV’s challenge to a decision by the Upper Tribunal last year, namely that a Financial Support Direction should be issued to ITV in relation to the Box Clever scheme, which has 2,800 members and a deficit of around £115 million.

Today’s judgment follows a week-long appeal hearing in May 2019.”

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