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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PPF Purple Book highlights DB funding improvements, but warns 'risks remain'

PPF Purple Book highlights DB funding improvements, but warns 'risks remain'

19th edition of PPF’s Purple Book shows funding improvements across the DB landscape

Holly Roach
clock 05 December 2024 • 3 min read
DWP urged to amend regulations within pension scheme annual reports

DWP urged to amend regulations within pension scheme annual reports

Organisations say additional information makes annual report ‘unreadable’ to members

Holly Roach
clock 05 December 2024 • 1 min read
TPR updates DB covenant guidance

TPR updates DB covenant guidance

Guidance for DB trustees is aligned with regulator’s funding code

Holly Roach
clock 04 December 2024 • 7 min read
Trustpilot