The Pensions Regulator has issued its first contribution notice since the power to do so was introduced over five years ago.
The formal determination of the Regulator’s Determinations Panel was issued on 14 May, but it was only published on 29 June. The contribution notice, for a sum of just over £5m, relates to the Bonas Group Pension Scheme and has been issued to Michel Van De Wiele N.V., who are appealing the decision.
Click here for a briefing note prepared by the Linklaters Pensions group.
Click here for the formal determination.
