Highly leveraged Box Clever deal put ITV in regulator's sights

Jenna Towler
clock

The Pensions Regulator has released its reasoning for issuing a series of financial support directions to the ITV group over the beleaguered Box Clever Pension Scheme.

The watchdog said it made the five orders because the broadcast giant received significant financial benefit from the creation of TV rentals firm Box Clever - about £500m - while the firm itself we...

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

Most think DB Funding Code needs more consideration

Most think DB Funding Code needs more consideration

LCP poll finds three quarters of industry think there is more they need to consider about the code

Jasmine Urquhart
clock 13 October 2025 • 1 min read
What are the Green Party's pension policies?

What are the Green Party's pension policies?

Professional Pensions looks at the party’s taxation, climate and investment policies

Jasmine Urquhart
clock 02 October 2025 • 4 min read
TPR launches consultation on new enforcement strategy

TPR launches consultation on new enforcement strategy

Saver outcomes, protection and regulatory compliance covered

Jasmine Urquhart
clock 16 September 2025 • 2 min read
Trustpilot