Day six: Trustees 'reasonable' to run Box Clever scheme on once company insolvent

James Phillips
clock • 5 min read

Entering a Pension Protection Fund (PPF) assessment when Box Clever went bust would have "jeopardised" its scheme's ability to secure additional sources of funding, the Upper Tribunal has been told.

It was reasonable for the scheme to run on both when its last contribution employer went into liquidation in 2003 as well as when it gained an ability to trigger PPF assessment in 2007, according t...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

Rachel Reeves to use Mansion House speech to announce pensions adequacy review

Rachel Reeves to use Mansion House speech to announce pensions adequacy review

Reports say chancellor to appoint commission to lead long-awaited review

Professional Pensions
clock 04 July 2025 • 2 min read
IFS: A blueprint for a stronger pension system

IFS: A blueprint for a stronger pension system

Heidi Karjalainen says government needs to act swiftly to secure a stronger, sustainable pension system fit for the future

Heidi Karjalainen
clock 02 July 2025 • 3 min read
TPR urges trustees to respond to FCA targeted support consultation

TPR urges trustees to respond to FCA targeted support consultation

The Pensions Regulator says it wants to work with trustees to get this right

Jonathan Stapleton
clock 01 July 2025 • 1 min read
Trustpilot