Basic Search  |  Summaries  |  Advanced SearchPenalty: £8,050,000
Year: 2014
Date: 1 October, 2014
Offence Group: employment-related offences
Offence Type: pension plan violation
Violation Description: MGR Capital paid the MG Rover Group Senior Pension Scheme £8.05 million in settlement of a warning notice given by TPR that MGR was liable for financial support to the scheme as it had profited from the pension scheme's principle employer's assets, which were not available to support the pension fund when the employer went into liquidation.
Action Type: agency action
Settlement Type: Settlement with TPA
Agency: The Pensions Regulator
Source of Data: (click here)