Box Clever Pension Scheme

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 (TPR) has rebutted an assertion by ITV that its anti-avoidance action in relation to the Box Clever Group Pension Scheme is a breach of the human right to property.

Entering a Pension Protection Fund (PPF) assessment when Box Clever went bust would have "jeopardised" its scheme's ability to secure additional sources of funding, the Upper Tribunal has been told.

Granada and Thorn sold their respective TV rental businesses for too high a price, meaning the eventual Box Clever venture was too highly leveraged, the Upper Tribunal has been told.

For the first time, TPR is testing its anti-avoidance powers in the courts in a bid to impose an FSD on ITV. James Phillips explores the implications.

The Pensions Regulator (TPR) and ITV will resume a battle in the courts in January in the first instance of an anti-avoidance case being heard in full by the Upper Tribunal.

The Supreme Court has refused to hear an appeal by ITV over whether The Pensions Regulator (TPR) could expand on its allegations against the media giant in the Box Clever case.

ITV's application to take the ongoing Box Clever legal battle to the Supreme Court has been rebuffed by the Court of Appeal.

ITV Group has won its appeal against a legal decision refusing to strike out parts of the long-standing Box Clever Pension Scheme case.

The Box Clever Pension Scheme has started an assessment period with the Pension Protection Fund (PPF) to decide if it will have to enter the lifeboat fund.