Box Clever

Nicolas Stallworthy KC acts for TPR to secure deal for members of ITV’s pension scheme ‘Box Clever’

After a long running court battle, a deal has been agreed between The Pensions Regulator (TPR) and ITV. Under agreement in principle, all Box Clever pension scheme members will receive their pensions benefits in full. Nicolas Stallworthy KC acted on behalf of The Pensions Regulator. TPR’s Interim Executive Director of Regulatory Compliance, Mel Charles said: “Today’s news illustrates how we will use our powers to protect savers and robustly pursue matters, through the courts if necessary, to reach a satisfactory resolution.” Box Clever was formed in 2000 as a joint venture between Granada (now ITV) and Thorn (now Carmelite). Respective employees were transferred to the new company and enrolled in the Box Clever pension scheme. However, Box Clever collapsed in 2003…

News 25 Jul, 2024