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      event logo
      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
      • Webinar
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      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 27 Jan 2021
      • Digital Conference
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      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
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      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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    You are currently accessing ProfessionalPensions via your Enterprise account.

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ITV

ITV offers £31m to support Box Clever Pension Scheme
ITV offers £31m to support Box Clever Pension Scheme

ITV has submitted a £31m offer to The Pensions Regulator (TPR) for the Box Clever Pension Scheme after being forced to set out how it would financially support the scheme following a lengthy court process.

  • Defined Benefit
  • 07 August 2020
ITV given six month deadline for Box Clever funding plan
ITV given six month deadline for Box Clever funding plan

The Pensions Regulator (TPR) has told ITV and four connected firms that they must deliver a future funding plan for the Box Clever Group Pension Scheme within six months.

  • Law and Regulation
  • 17 March 2020
ITV reports deficit fall and sells contingent asset for £150m
ITV reports deficit fall and sells contingent asset for £150m

ITV has reported the net deficit of its defined benefit pension scheme has fallen from £105m on 30 June to just £2m on 30 September.

  • Investment
  • 12 November 2019
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included the Financial Conduct Authority announcing it would carry out further investigations on defined benefit transfers.

  • Industry
  • 21 June 2019
Court of Appeal rejects ITV appeal against TPR in Box Clever case
Court of Appeal rejects ITV appeal against TPR in Box Clever case

The Court of Appeal has dismissed ITV's appeal against a financial support direction (FSD) issued by The Pensions Regulator (TPR) in a long-running case over the Box Clever Pension Scheme.

  • Law and Regulation
  • 20 June 2019
UTV to close pension scheme; Unions demand compensation for members
UTV to close pension scheme; Unions demand compensation for members

UTV - the Ulster-based subsidiary of ITV - is planning to close its pension scheme to future accrual in a move it says is necessary to be fair to all employees.

  • Defined Benefit
  • 27 March 2019
The pension court cases to watch in 2019
The pension court cases to watch in 2019

A groundhog year kicks off as many of 2018's biggest court cases return on appeal. James Phillips rounds up what trustees should keep an eye on.

  • Law and Regulation
  • 05 March 2019
EXCLUSIVE: TPR spent £3.1m on external costs in Box Clever case
EXCLUSIVE: TPR spent £3.1m on external costs in Box Clever case

The Pensions Regulator (TPR) has revealed to PP it spent £3.1m in total external costs for the investigation and litigation relating to the Box Clever pension scheme.

  • Law and Regulation
  • 20 June 2018
What the Box Clever judgment means for TPR's powers
What the Box Clever judgment means for TPR's powers

The Upper Tribunal has ruled in favour of TPR in its long-running dispute with ITV over the Box Clever pension scheme. James Phillips explores the impact of the judgment.

  • Law and Regulation
  • 29 May 2018
Upper Tribunal rules in favour of TPR in ITV Box Clever case
Upper Tribunal rules in favour of TPR in ITV Box Clever case

The Pensions Regulator (TPR) was right to use its powers to seek financial support from ITV for members of the Box Clever pension scheme, the Upper Tribunal has said.

  • Law and Regulation
  • 18 May 2018
The court cases to watch in 2018
The court cases to watch in 2018

A number of pension issues will be battled out in the courts over the course of this year. James Phillips rounds up the cases to watch out for and the potential consequences for the industry

  • Law and Regulation
  • 08 March 2018
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included The Pensions Regulator naming schemes and trustees for chair's statements failures, and coverage of the final day of the Box Clever case in the Upper Tribunal.

  • Industry
  • 16 February 2018
Day nine: Box Clever trustees fall foul of 'reverse moral hazard'
Day nine: Box Clever trustees fall foul of 'reverse moral hazard'

The trustees of the Box Clever Group Pension Scheme committed a form of "reverse moral hazard" by running the scheme on while its participating employers were in administrative receivership, ITV has claimed.

  • Law and Regulation
  • 12 February 2018
Day eight: Box Clever trustees needed 'intellectual gymnastics' to ignore the PPF
Day eight: Box Clever trustees needed 'intellectual gymnastics' to ignore the PPF

The trustees of the Box Clever Group Pension Scheme made a "perfectly reasonable and right" decision to delay triggering a Pension Protection Fund (PPF) assessment period, the Upper Tribunal has heard.

  • Law and Regulation
  • 09 February 2018
Day seven: Watchdog's FSD 'does not interfere with human rights'
Day seven: Watchdog's FSD 'does not interfere with human rights'

The Pensions Regulator (TPR) has rebutted an assertion by ITV that its anti-avoidance action in relation to the Box Clever Group Pension Scheme is a breach of the human right to property.

  • Law and Regulation
  • 08 February 2018
Day six: Trustees 'reasonable' to run Box Clever scheme on once company insolvent
Day six: Trustees 'reasonable' to run Box Clever scheme on once company insolvent

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.

  • Law and Regulation
  • 06 February 2018
Day five: Granada and Thorn 'sold businesses to Box Clever for too high a price'
Day five: Granada and Thorn 'sold businesses to Box Clever for too high a price'

Granada and Thorn sold their respective TV rental businesses for too high a price, meaning the eventual Box Clever venture was too highly leveraged, the Upper Tribunal has been told.

  • Law and Regulation
  • 05 February 2018
Day four: Box Clever launch was 'focused on getting as much cash as possible'
Day four: Box Clever launch was 'focused on getting as much cash as possible'

Granada and Thorn were mainly focused on the "share of the cake" and "taking out as much cash as possible" when negotiating the launch of the 50:50 joint venture of Box Clever, the Upper Tribunal has been told.

  • Law and Regulation
  • 02 February 2018
Day three: Box Clever subject to 'autocratic control' of Granada and Thorn
Day three: Box Clever subject to 'autocratic control' of Granada and Thorn

Granada and Thorn were consulted on and asked to approve many of the main decisions made within Box Clever Technology (BCT), a former Thorn finance director has told the Upper Tribunal.

  • Law and Regulation
  • 01 February 2018
Day two: Box Clever trustees 'held out' for 100% benefits while company was in receivership
Day two: Box Clever trustees 'held out' for 100% benefits while company was in receivership

The trustees of the Box Clever Group Pension Scheme turned down a number of financial offers in a bid to secure 100% of members' benefits, the scheme's chairman has told the Upper Tribunal.

  • Defined Benefit
  • 31 January 2018
Day one: Pensions watchdog claims FSD against ITV is a 'barn door case'
Day one: Pensions watchdog claims FSD against ITV is a 'barn door case'

The Pensions Regulator's (TPR) attempt to impose a financial support direction (FSD) on ITV for the Box Clever Group Pension Scheme is a "barn door case", it has argued.

  • Law and Regulation
  • 30 January 2018
Why Box Clever case spells big test for TPR's powers
Why Box Clever case spells big test for TPR's powers

For the first time, TPR is testing its anti-avoidance powers in the courts in a bid to impose an FSD on ITV. James Phillips explores the implications.

  • Law and Regulation
  • 22 January 2018
ITV and TPR to continue battle over Box Clever pension support in January
ITV and TPR to continue battle over Box Clever pension support in January

The Pensions Regulator (TPR) and ITV will resume a battle in the courts in January in the first instance of an anti-avoidance case being heard in full by the Upper Tribunal.

  • Law and Regulation
  • 18 August 2017
ITV's pension deficit almost doubles over 2016
ITV's pension deficit almost doubles over 2016

The aggregate deficit of ITV's defined benefit (DB) schemes grew by 86% last year, according to the broadcaster's preliminary results.

  • Defined Benefit
  • 01 March 2017
123

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