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

DCIF launches report to help pension schemes adopt the 'S' in ESG

DCIF launches report to help pension schemes adopt the 'S' in ESG

Paper explores how schemes can better incorporate social factors in investment strategies

Jasmine Urquhart
clock 05 November 2025 • 4 min read
Committee report documents Civil Service Pension Scheme failures

Committee report documents Civil Service Pension Scheme failures

Public Accounts Committee says failed admin means members facing ‘unacceptable waits’ for remedies

Jasmine Urquhart
clock 24 October 2025 • 3 min read
Hymans Robertson publishes CDC paper

Hymans Robertson publishes CDC paper

Paper encourages industry to learn from international experience and to envision new investment strategies

Jasmine Urquhart
clock 17 October 2025 • 2 min read
Trustpilot