Violation Tracker UK Individual Case

Company: Serco Limited
Current Parent Company: Serco Group
Penalty: £33,000,000
Year: 2014
Date: 1 November, 2014
Offence Group: employment-related offences
Offence Type: pension plan violation
Violation Description: Serco and Docklands Light Railway agreed to pay a total of £37 million to the Docklands Light Railway Pension Scheme after TPR issued a warning notice requiring the parties to hire skilled persons to advise them, following concerns by TPR about the scheme's funding position.
Action Type: agency action
Settlement Type: Settlement with TPA
Agency: The Pensions Regulator
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: miscellaneous services
Specific Industry of Parent: outsourced government services
Source of Data: (click here)