Businessman to be prosecuted for failing to reveal company details
04 September 2019
The Pensions Regulator (TPR) is prosecuting a businessman for not complying with two notices issued under section 72 of the Pensions Act 2004, which required information to be provided about his companies.
Allegations have been made by staff working for Vincent Bootes, that they have not had their workplace pension contributions paid by his companies.
TPR is investigating these allegations and is prosecuting Mr Bootes for failing to comply with two notices which were issued to him on 1 June 2018 and 12 September 2018.
Mr Bootes 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.
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.