Fine for failure to obtain audited accounts

Published on 5 February 2018

1 min read

The Regulator’s Determinations Panel has imposed a £500 on each of four trustees of an occupational DB pension scheme.

The fines were imposed because the trustees of the Pakistan International Airlines Retirement and Death Benefits Plan failed to comply with their statutory duty to obtain audited accounts and an auditor’s statement, for two years running.

Fine for failure to obtain audited accounts

Further reading

Payment of discretionary death benefits from pension schemes – a question of dependency

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