WebAug 17, 2024 · Box Clever was formed in 2000 as a joint venture between the TV rental businesses of Granada (now ITV) and Thorn (now Carmelite). When the joint venture went ahead, employees were transferred to the new company and enrolled in the Box Clever pension scheme. TPR opened an anti-avoidance investigation following the collapse of … WebThe Pensions Regulator has issued a warning notice to ITV for £133m for failing to provide reasonable support to the Box Clever pension scheme. ITV disclosed the warning notice in its Q1 2024 trading update. This new warning notice relates to a financial support direction (FSD) imposed on ITV (then Granada) by the Regulator in 2011 in relation ...
Court of Appeal dismisses ITV Box Clever appeal - Pensions …
WebJun 1, 2024 · The Granada case, popularly known as ‘Box Clever’ after the name of the employer of the pension scheme, related to whether TPR had the power to issue a financial support direction against the Granada companies in relation to Box Clever being insufficiently resourced for its pension liabilities, and was heard by the Upper Tribunal … brunswick dakota pool table
Boxclever Group Pension Scheme
WebMay 11, 2024 · By Jack Gray. 11/05/22. ITV has received a warning notice from The Pensions Regulator (TPR) in the UK, in relation to the Box Clever Group Pension Scheme for the amount of £133m, the television network’s Q1 2024 trading update has revealed. As reported by our sister title, Pensions Age, in March 2024, ITV lost a legal challenge … WebThe Pensions Regulator has given ITV plc a six-month deadline in which to put in place financial support for the Box Clever pension scheme. In February 2024, the Supreme Court refused ITV's application for permission to appeal against the Court of Appeal's judgment, which upheld the Upper Tribunal's decision to issue financial support ... WebMar 5, 2024 · 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 … brunswickdda.com