Thetownend.com

Adver Sports Desk ‏@AdverSport  19m19 minutes ago
Swindon Town Football Company Ltd fined £22k by Pensions Regulator for repeatedly failing to comply with automatic enrolment duties. #stfc

Shouldn't Steve Anderson be on top of stuff like this?

It's hardly massive news or a massive problem is it?

I'd imagine a fair number of mid-size business found themselves in similar situations (in fact my company still hasn't put enrolment in place!).

Emarassing.

I agree, just makes me wonder just what the flying fuck Steve Anderson actually does, if he exists.

Is it though? Really? Are you genuinely embarrassed that a football club have been fined £22k for a financial over-sight/mistake that has no victims and is probably common place among businesses of a similar size?

Maybe I should get in touch and see if they need some advice.

My fee would've been a lot less than the £22k fine.

It's hardly massive news or a massive problem is it? I'd imagine a fair number of mid-size business found themselves in similar situations (in fact my company still hasn't put enrolment in place!).

Still, gives the haters more ammo I guess....

Your firm may be a while from the staging date

Club Statement: Pensions Regulator Fine
image: http://www.swindontownfc.co.uk/cms_images/newsflag247-2875925_613x460.jpg


PUBLISHED
14:04 21st April 2016
by Swindontownfc.co.uk
IT is unfortunate that the club has been fined by the Pensions Regulator.

The fine related to the period when the ownership of the club was being contested by the former Chairman and is yet another painful example of the severe adverse consequences that the uncertainty and instability caused in regularising the business affairs of the club.

The club is completely up to date and compliant with its pension obligations and contributions.

Read more at http://www.swindontownfc.co.uk/news/article/club-statement-pensions-regulator-fine-3072950.aspx#0IwLfqrlUXV28UDv.99

My fee would've been a lot less than the £22k fine.

It's a buzzword for these sort of things. We'll probably see 'joke' and 'laughing stock' before long too.

It's hardly massive news or a massive problem is it? I'd imagine a fair number of mid-size business found themselves in similar situations (in fact my company still hasn't put enrolment in place!).

Still, gives the haters more ammo I guess....

The only way it would explain it on that completely, is if there was a burn the paperwork during the ownership battle. It is entirely possible I suppose, then the next contact goes to an office kid, who thinks wtf is this and bins it. Stranger things have happened.

Not sure if using the ownership battle as an excuse really stacks up. The timelines intersect, but not at the points where non-compliance occurred, or were highlighted.

Plus, the report suggests either incompetence, or contempt. e.g. 'Minimal correspondence from STFC' noted in 28 October 2014. Jed was back selling double glazing with 'Geordie' at that point.

Already seen a couple of fans use this as a reason to not renew ST's.  :suicide:

It does say something about the corporate culture at the club.

There's either a level of incompetence not to deal with issues like this so ignore it or hope that it goes away. The £400 fine should have set alarm bells off.

Or the day to day staff don't have the authority to act and it all goes via the Chairman if a big cheque needs signing or a decision making.

It could indicate a 'I won't pay it until I have too' culture where they didn't think they'd get fined and then a £2500 a day fine sees action but they still think they can pay late.

Makes you wonder what Sangita Shah and the solicitor Power brought into the board are actually doing. You would expect a bit more 'Corporate Governance' from professionals.

Why would Power pay if Jed won control - seems a bit hard to me.

Makes you wonder what Sangita Shah and the solicitor Power brought into the board are actually doing. You would expect a bit more 'Corporate Governance' from professionals.

The dates don't match up and Jed was long gone by the time the Pensions Regulator took action.

You wouldn't use Jed as an excuse for not submitting a PAYE, Tax or VAT return. Nor does anything explain submitting a spreadsheet with the missed contributions and then not paying the money over.

Sent from my HTC One M9

The £2500 a day fine started in Feb 2015 but it took another 11 months to pay the oustanding contributions. Jed lost the court case in the summer of 2014. I think the club is lucky to only be hit with a £22k fine considering they dragged out settling so long.

The £2500 a day fine started in Feb 2015 but it took another 11 months to pay the oustanding contributions. Jed lost the court case in the summer of 2014. I think the club is lucky to only be hit with a £22k fine considering they dragged out settling so long.

But if the burgers got sorted, some fans would be happy!!!

so that's why we sold those players to Wolves ;)

Sound to me like another symptom of the clubs drifting along and none taking ownership. Does Anderson even work full time at STFC?

Hasn't heard Shah left Chang..

I'm not sure she has. Yet. There was suggestion that she would in the summer. No change on appointments to company either, as yet.

I'm not sure she has. Yet. There was suggestion that she would in the summer. No change on appointments to company either, as yet.

Any idea why?