Group has revised the existing reduction contributions to eliminate the deficit
Research finds majority of workplace payroll savings accounts were active after 18 months
The pension scheme has revised its existing plan to eliminate the £252m deficit
Broadcaster joins test drive of hybrid pensions and rainy-day savings product
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.
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.
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.
This week's top stories included the Financial Conduct Authority announcing it would carry out further investigations on defined benefit transfers.
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.
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.