Fine for failure to obtain audited accounts

Published on
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.  

Mills & Reeve Sites navigation
A tabbed collection of Mills & Reeve sites.
My Mills & Reeve navigation
Subscribe to, or manage your My Mills & Reeve account.
My M&R


Register for My M&R to stay up-to-date with legal news and events, create brochures and bookmark pages.

Existing clients

Log in to your client extranet for free matter information, know-how and documents.


Mills & Reeve system for employees.