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Value of penalty notices issued between 2014 and 2019

FOI reference - FOI-3764

Date - 11 April 2019

Request

Under the Freedom of Information Act request, I would like to know the value of fixed penalty notices (FPNs) and separately the value of escalating penalty notices (EPNs) handed out by The Pensions Regulator over the last five years. I would like this information broken down by year, with the year end 31 March. With the most recent year being 2018/19.

Response

I can confirm that we hold information you have requested.

Information we are able to supply

Please see details below for the values as requested and note that the values are slightly different from previous request as we have since completed a full reconciliation between our systems.

Year FPNs EPNs
2014-15 £170,400 £22,500
2015-16 £873,200 £236,500
2016-17 £4,980,100 £7,682,500
2017-18 £11,548,700 £30,547,350
2018-19 (subject to audit) £14,858,115 £53,768,808