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Violation Tracker UK Individual Case
Company: Southern Water Services Limited
Current Parent Company:
Macquarie
Parent at the Time of the Penalty Announcement: Southern Water
Recap of Ownership Changes: Southern Water’s ultimate parent are Greensands Holdings, those major shareholders were IIF (advised by JP Morgan) and The Northern Trust Co. (exited 2016), with no majority owner. In 2021 a fund managed by Macquarie acquired a majority stake.
Penalty: £0
Year: 2018
Date: 1 December, 2018
Offence Group: employment-related offences
Offence Type: pension plan violation
Violation Description: Southern Water Services and the Southern Water Pension Scheme reached an agreement to solve a deficit in the pension scheme with increased payments, following a warning notice by TPR that the recovery plan was inappropriately long.
Action Type: agency action
Settlement Type: Settlement after warning notice from TPR
Agency: The Pensions Regulator
HQ Country of Parent: Australia
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: financial services
Source of Data:
(click here)
