TPR confirms Visit London closure will be investigated

Jenna Towler
clock

The Pensions Regulator is investigating London mayor Boris Johnson's decision to put a tourism organisation into administration rather than taking on its pension liabilities.

Visit London, which had a defined benefit pension scheme £2.2m in deficit, was put into administration on 1 April. Two other organisations - Think London and Study London - were also closed down...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Impact of tariffs cited in majority of UK DB profit warnings in Q2 so far

Impact of tariffs cited in majority of UK DB profit warnings in Q2 so far

EY-Parthenon research finds 26% of UK listed companies with a DB scheme issued a warning in last 12 months

Martin Richmond
clock 28 May 2025 • 2 min read
Majority of businesses with closed DB schemes larger than £500m plan to request surplus access

Majority of businesses with closed DB schemes larger than £500m plan to request surplus access

Brightwell survey finds most firms with large, closed DB schemes are ‘eager’ to put surpluses to use

Holly Roach
clock 27 May 2025 • 3 min read
Re-evaluating run-on

Re-evaluating run-on

What strategic run-on could mean for schemes and investment strategy going forward

Professional Pensions
clock 27 May 2025 • 19 min read
Trustpilot