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Displaying items by tag: court case

Thursday, 03 October 2019 11:00

WASPI campaign loses court battle

WASPI campaigners have lost a legal battle against Government handling of the rise in women's state pension age.
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Monday, 09 September 2019 11:27

Pensions Regulator prosecutes trustee firm director

A company director is to be prosecuted by The Pensions Regulator (TPR) for failing to provide information and documents requested as part of an ongoing investigation.


Michael Woolley was asked to provide information about investments made by company Southbank Capital Limited, of which he is both a director and a shareholder.

The investments related to money and/or assets originating from 16 pension schemes for which PIM Trustees Limited is the trustee.

 

Mr Woolley is the sole director and a shareholder of the professional trustee firm.
 
He was accused of failing to comply with a notice issued under section 72 of the Pensions Act 2004 that required the information and documents to be provided by 12 February 2019.
 
Mr Woolley has been summonsed to appear at Brighton Magistrates’ Court on 13 November to face a charge of neglecting or refusing to provide information and documents, without a reasonable excuse, when required to do so under section 72 of the Pensions Act 2004, contrary to section 77(1) of that Act.
 
The case continues.

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SIPP provider Berkeley Burke has been ordered to pay almost £1m in costs to people left out of pocket after making high-risk unregulated investments which were accepted into the firm’s SIPPs. 
Published in Articles
Wednesday, 27 March 2019 12:34

HMRC wins £40m tax avoidance scheme battle

HMRC has won a £40m legal case against tax avoidance scheme promoter Hyrax Resourcing Ltd.
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An accounts manager who tried to hide the fact that restaurants had not given their staff workplace pensions has been ordered to pay £5,000.
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Dominic Chappell, the director and majority shareholder of the company that bought BHS for £1, has been ordered to pay more than £124,000 for failing to hand over information to The Pensions Regulator (TPR).
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The FCA has written to SIPP firms to reiterate regulatory commitments following the judgement in the Berkeley Burke case.
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Cross-border financial firm STM, the owner of  London & Colonial, is to acquire the majority of rival SIPP firm Carey Pensions for £400,000 as Carey prepares to tackle a major SIPPs court case.
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