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.
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.
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.