Pensions watchdog fines Swindon Town FC £23k for auto-enrolment failings

Currently 16th in League One

Jonathan Stapleton
clock • 1 min read

The Pensions Regulator (TPR) has fined Swindon Town Football Company £22,900 after it failed to put eligible workers into a pension scheme.

The regulator said Swindon Town - the League One football club owned and currently managed by former Norwich City footballer Lee Power - had "repeatedly failed to comply with its automatic enrolment duties".

It said STFC was issued with a compliance notice on 18 August 2014 directing it to automatically enrol staff and pay contributions but failed to comply by the deadline of 17 October 2014.

The regulator added there were several further delays in the employer complying with their duties - delays which resulted in TPR's intervention escalating from a focus on remedial action to one of enforcement action.

TPR executive director of automatic enrolment Charles Counsell said: "This case illustrates what can happen when an employer buries their head in the sand and disregards their duties.

"If things aren't going well, then talk to us; don't ignore us. Failing to comply on time will not save you money. Not only do you risk a fine, you will also have to make back- dated contributions."

The regulator has outlined full details of the case - including a timeline of events - in a section 89 regulatory intervention report.

The regulator said it hoped other employers would learn lessons from this action - urging businesses not to ignore their duties and ask for help if they needed it.

It added that "deliberate non-compliance would not be tolerated" and warned if employers have received a fine, they will still have to pay it even if they go on to become compliant.

Swindon Town Football Club declined to comment.

More on Pensions

A decade on: Risks and challenges of freedom and choice

A decade on: Risks and challenges of freedom and choice

'Let me be clear: No one will have to buy an annuity'

Adrian Boulding
clock 25 November 2024 • 6 min read
How retirement planning has transformed over the past 50 years

How retirement planning has transformed over the past 50 years

PPI report looks at the move from predictable pensions to personal responsibility

Jonathan Stapleton
clock 21 November 2024 • 3 min read
Act now: Planning for retirement is a concern for today

Act now: Planning for retirement is a concern for today

'Don't wait until tomorrow to think about retirement'

Andrew Tully
clock 20 November 2024 • 4 min read

In-depth

Analysis: Advice M&A continues apace as FCA review looms

Analysis: Advice M&A continues apace as FCA review looms

Firms taking very different approaches to buying and selling

Isabel Baxter
clock 18 November 2024 • 7 min read
Your Autumn Budget briefing: Tax and pensions changes Labour could have in store

Your Autumn Budget briefing: Tax and pensions changes Labour could have in store

Budget comes as prime minister says country 'embrace the harsh light of fiscal reality'

Jen Frost
clock 29 October 2024 • 22 min read
In view: Plotting PFS change

In view: Plotting PFS change

From first operating loss since 2008 to sponsorship, board and revenue changes

Jen Frost
clock 17 October 2024 • 6 min read