Businessman to be prosecuted for failing to reveal company details

NEWS
Published
Sep 2nd '19
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A businessman is to be prosecuted for failing to give information to The Pensions Regulator (TPR) about companies he owns or runs.

TPR is investigating allegations that staff working for Vincent Bootes, 56, have not had their workplace pension contributions paid by his companies. The companies are registered at an address in Station Road, Liphook, Hampshire, or at an address in Anyards Road, Cobham, Surrey.

TPR is prosecuting Mr Bootes for failing to comply with two notices issued under section 72 of the Pensions Act 2004. The notices, which required Mr Bootes to give TPR information about his companies, were issued to him on 1 June 2018 and 12 September 2018.

He has been summonsed to appear at Brighton Magistrates’ Court on 13 November 2019 to face two charges of neglecting or refusing to provide information and documents, without a reasonable excuse, when required to do so under section 72 of the Pensions Act 2004, contrary to section 77(1) of that Act.

Source: TPR

Background

  1. TPR has the power under section 72 of the Pensions Act 2004 to require pension schemes, employers and third parties to provide us with information and documents relevant to our functions.
  2. Failure to provide such information without a reasonable excuse is a criminal offence which can result in an unlimited fine. Additionally, those involved can suffer serious reputational damage from being convicted of non-compliance with the law. Businesses could also face further action from their professional body.