Samuel Smith Old Brewery and its chairman Humphrey Smith have together been fined £27,990 for refusing to provide financial information to The Pensions Regulator (TPR).
It comes as both pleaded guilty in May to neglecting or refusing to provide the information without a reasonable excuse under section 77(1) of the Pensions Act 2004. Handing down the sentence today...
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.