ITV extends funding partnership after £48m contribution fails to cut deficit

clock

ITV has boosted its pension scheme's interest in digital subsidiary SDN by £50m after failing to significantly cut the fund's £313m deficit in the last six months.

The TV company announced in its half yearly report today that the increased interest in the partnership - enabled by a rise in the value of SDN - would net the scheme an additional £3m a year. U...

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 Defined Benefit

DB transfer compensation sees 'radical decline' in 2025

DB transfer compensation sees 'radical decline' in 2025

Broadstone DB Redress Tracker shows compensation has steadily fallen since peaking in Q1 2022

Martin Richmond
clock 12 January 2026 • 2 min read
LCP urges DB schemes to take action ahead of 'marathon' 2026

LCP urges DB schemes to take action ahead of 'marathon' 2026

Consultancy highlights key areas for trustees to focus on to ‘hit the ground running’

Martin Richmond
clock 06 January 2026 • 3 min read
DB redress payments to remain 'historically low' in Q1

DB redress payments to remain 'historically low' in Q1

Modelling shows most consumers will not have suffered a loss as a result of transferring

Holly Roach
clock 06 January 2026 • 1 min read
Trustpilot