We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

McDonalds Pension Trustees Fined Over Omissions

Law360, London (May 8, 2019, 2:12 PM BST) -- Britain's pensions regulator said Wednesday it has fined the trustees managing numerous McDonald's retirement plans £103,750 ($135,000) for failing to audit its accounts and omitting details on how much members can expect to save, the first-ever penalties for such breaches. 

The Pensions Regulator said Link Pension Trustees Ltd. did not obtain audited accounts for McDonald's employees' pension scheme for four years in a row and left out an illustration estimating how much members might walk away with when they retire. 

The trustees also failed to report the breaches, the regulator said. The fine includes penalties for failing to have at least three trustees on its...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Companies