Box Clever FSD may be invalid due to lack of clarity

clock

Lack of clarity on how much ITV could be forced to pay out after the Box Clever financial support direction undermines the order and could leave it invalid, a lawyer warns.

The Pensions Regulator's determinations panel issued an FSD against five target companies, all related to ITV, in relation to the £62m deficit of the Box Clever Pension Scheme late last month. L...

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

More on Regulation

Half of Gen X face 'inadequate' retirements

Half of Gen X face 'inadequate' retirements

SMF finds ‘pension shock’ to affect two in five Gen X voting base for every major party

Jasmine Urquhart
clock 23 March 2026 • 1 min read
UK BPA providers adopting shared set of sustainability principles

UK BPA providers adopting shared set of sustainability principles

There has been ‘full market adoption’ of principles according to A4S

Jasmine Urquhart
clock 24 February 2026 • 1 min read
Employers at risk of 'pension pitfalls', Hymans says

Employers at risk of 'pension pitfalls', Hymans says

Complicated salary sacrifice legislation could put employers at risk

Jasmine Urquhart
clock 10 February 2026 • 2 min read
Trustpilot