Businessman fined £12,800 over documentation of 16 pension schemes

Holly Roach
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Woolley failed to provide all the requested information by the deadline without reasonable excuse
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Woolley failed to provide all the requested information by the deadline without reasonable excuse

A business owner has been fined £12,800 after failing to hand over information and documents to The Pensions Regulator (TPR) about investments relating to money from 16 pension schemes.

The regulator had asked Southbank Capital director and shareholder Michael Woolley for information about the investments in the company under section 72 of the Pensions Act 2004. Woolley is also the...

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