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

PPF 7800 index shows muted response to 'considerable' intra-month volatility

PPF 7800 index shows muted response to 'considerable' intra-month volatility

Funding levels show only slight fall in response to geopolitical news

Jonathan Stapleton
clock 11 March 2025 • 1 min read
The eight key reforms needed to unlock £400bn of DB capital for the economy

The eight key reforms needed to unlock £400bn of DB capital for the economy

Hymans Robertson sets out how government might maximise the potential of DB schemes

Sachin Patel
clock 11 March 2025 • 5 min read
Persimmon schemes post funding level of 135%; Costain suspends 'dividend parity' plan

Persimmon schemes post funding level of 135%; Costain suspends 'dividend parity' plan

Firms post increase in surpluses following changes in discount rate assumptions

Jonathan Stapleton
clock 11 March 2025 • 2 min read
Trustpilot