UK - Two employers have been fined a total of £5500 for failing to make payments into personal pension plans.
Manchester-based software consultancy Poptel was fined £3800 for failing to make contributions into the Scottish Equitable Personal Pension Scheme, both on its own behalf and that of employees throughout 2001 and 2002.
The OPRA ruling said: “The implication was that cashflow problems and company difficulties led to late payments over a period of several months.
“This is an absolute offence, and the argument that the company was in financial difficulties is a mitigating circumstance which has been taken into account in setting the penalties.”
And Belfast-based building firm James E Ball was fined £1700 for failing to make contributions both on its own behalf and on that of employees, into the Scottish Equitable Personal Pension Scheme throughout 2001, 2002 and 2003.
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