Pension – Pensions Regulator. In the first reference to the Upper Tribunal (Tax and Chancery Chamber) concerning the respondent Pensions Regulator's decision to impose a financial penalty, it was held appropriate action for the Pensions Regulator to impose on the applicant trustee of an occupational pension scheme a penalty of £300 for failure to notify it that the scheme had been wound up as soon as reasonably practicable. That was despite the fact that the penalty had originally been imposed for the applicant's failure to provide a periodic return.