Airline's pension trustees fined over audit failings in first for TPR

Stephanie Baxter
clock • 2 min read

Four trustees of Pakistan International Airlines' Retirement and Death Benefits Plan have been fined £500 each by the regulator for failing to audit accounts on time for two years in a row.

Trustees or managers of most schemes have a legal obligation to obtain audited accounts and an auditor's statement about contributions every year. The Pensions Regulator (TPR) said in a statemen...

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