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

Holly Roach
clock • 1 min read

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...

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