Brewery and chairman to be prosecuted for failing to hand over financial information
Samuel Smith Old Brewery and its company chairman Humphrey Smith are to be prosecuted by The Pensions Regulator (TPR), for failing to provide information and documents required as part of an ongoing investigation.
TPR had been seeking details of the Tadcaster-based company’s finances, in order to understand the funding position of some of its pension schemes. However the North Yorkshire brewery failed to comply with the notice issue under the Pensions Act 2004.
As a result the company, and Smith, have been summonsed to appear at Brighton Magistrates’ Court on 15 May, where they will each face a charge 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.
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