Three trustees were ordered to repay £411,000 after loaning half of the scheme's assets to the failing sponsor and making questionable investments in US property.
The trustees of the Asheridge Limited Discretionary Pension Scheme were found guilty of a breach of trust by deputy pensions ombudsman Charlie Gordon. He said the trustees could not rely on the s...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
