Violation Tracker UK

Basic Search | Summaries | Advanced Search

Violation Tracker UK Individual Case

Company: Taveta Investments Limited and Taveta Investments (No.2) Limited
Current Parent Company: Taveta Investments
Parent at the Time of the Penalty Announcement: Taveta Investments

Penalty: £343,000,000
Year: 2017
Date: 28 February, 2017
Offence Group: employment-related offences
Offence Type: benefit plan administrator violation
Violation Description: Taveta Group agreed to pay £363 million to the BHS pension schemes in settlement of a Warning Notice by TPR alleging the group was liable for payments to the BHS pension fund since the long control and involvement with the BHS business and pension schemes had only ended with a sale that was materially detrimental to the schemes.
Action Type: agency action
Settlement Type: Settlement with TPA
Agency: The Pensions Regulator
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: privately held
Major Industry of Parent: diversified
Specific Industry of Parent: diversified
Source of Data: (click here)