TPR and ITV agree deal over Box Clever Pension Scheme

The deal means all members of the scheme will receive their pension benefits in full. This comes amid an ongoing dispute stemming from the creation of Box Clever, a TV rental company formed in 2000 as a joint venture between Granada, now ITV, and Thorn, now Carmelite. When the company collapsed in 2003, its pension scheme was left with a significant blackhole. TPR issued a financial support direction against ITV in 2010, which the TV company then appealed. The long-running appeal primarily focused on whether ITV was "connected or associated" with the scheme and the power it exercis...