A construction company and its directors have been fined by The Pensions Board in Ireland for failing to comply with statutory requests made by the regulator.
In a statement issued this afternoon, The Pensions Board said that John and Kerry Burchill of Cork had been fined €500 each, for failing to comply with a statutory request. John Burchill Contracting Limited was also convicted and fined a sum of €1,000 for the same offence.
The convictions were made in Skibbereen District Court, in relation to a request to provide information and documentation detailing deductions made from employees wages for pension scheme contributions.
Information included records of remittals, made in relation to the Construction Workers Pension Scheme (CWPS) from 1 June 2008 to 3 August 2010; and payslips and payroll documentation for each employee for whom a pension deduction has been made for the CWPS over the same period.
Chief executive of The Pensions Board Brendan Kennedy said the conviction should act as a warning that The Pensions Board treats failure to respond to a request for information by the board very seriously.
“The board has a responsibility to enforce this requirement and regards non-compliance as a serious matter.”
Latest News
-
Cyprus targets January 2027 launch for pension reform
-
Swedish occupational pension assets increase by SEK13bn in Q1
-
UK DB funding surplus rises by £5.3bn in May
-
Pensions sector among least affected by major ICT incidents in 2025 – ESAs
-
OECD urges Estonia to scrap 10-year wait to rejoin second pension pillar
-
Czech pension providers set to challenge govt's proposed fee cuts
Podcast: Stepping up to the challenge
In the latest European Pensions podcast, Natalie Tuck talks to PensionsEurope chair, Jerry Moriarty, about his new role and the European pension policy agenda
Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.
In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.
In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.
Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories