Regulator issues FSD against ITV

Posted on Jan 27, 2012

The Pensions Regulator has issued a financial support direction (FSD) requiring ITV to provide support for the Box Clever Group Pension Scheme, which has a deficit of £62 million.

This is only the fourth time the Regulator has used its FSD powers.

ITV has lodged an appeal against the decision, commenting that "ITV has never participated in the Box Clever Scheme and has had no control over the growth of its deficit."