View more on these topics

Former BHS boss convicted for failing to turn information over to regulator

Justice-Fine-Ban-Court-Gavel-Judge-700x450.jpgThe Pensions Regulator has won its court battle with former BHS boss Dominic Chappell, who has been found guilty of failing to disclose information to the regulator.

Chappell was the majority shareholder in the company that purchased BHS for £1. He failed to supply to TPR regarding that sale and transactions thereafter as it investigated the deal and subsequent collapse of the retailer which left a deficit of hundreds of millions of pounds in its pension scheme.

Chappell, who denies the charges, was found guilty of three charges of neglecting or refusing to provide information and documents without a reasonable excuse at Brighton Magistrates’ Court yesterday.

He will be sentenced later this month as the fifth individual or organisation TPR has won convictions against for failing to comply with its discovery orders.

TPR executive director of frontline regulation Nicola Parish says: “We are satisfied with the outcome of this case, the latest in a series of successful prosecutions by TPR for offences of this kind.

Ex-BHS boss hits out at regulator’s investigations

“Dominic Chappell failed to provide us with information we had requested in connection with our investigation into the sale and ultimate collapse of BHS, despite numerous requests.

“The power to demand specific information is a key investigative tool in our work to protect people’s pensions. This conviction shows that the courts recognise its importance and that anyone who fails to co-operate with our information notices risks getting a criminal record.”



Labour to press Government on Waspi state pension reforms

Labour also outlined its support for Waspi in its manifesto for the June election Labour is to call on the Government to lower the retirement age for women born in the 1950’s, allowing them to retire aged 64 on a reduced state pension, rather than aged 66. According to the Independent, in a speech at […]


State pension will run out without NIC increase, Govt actuary warns

Funding for the state pension will be depleted by 2032 without a rise in National Insurance Contributions, the Government Actuary’s Department predicts. In order to avoid a deficit, GAD says that a 5 per cent rise in NICs could be needed. The numbers assume current policy such as the triple-lock holds and the state pension […]


Aegon completes transfer of 79,000 Cofunds customers

Aegon has completed the first stage of moving Cofunds customers onto its new combined platform, transferring 79,000 investors over Christmas. Those that were moved were non-advised investor portfolio service customers, mostly from building societies. Cofunds’ advised clients are expected to move to the new platform in May. On announcing the timeframes in November, Aegon said […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. I don’t think there was much doubt of his legal resposibility and therefore the outcome of this case, but I also think the wider public and most advisers have no doubt where the moral responsibility lied and the failures which occurred.

Leave a comment