NEST chief Jones waives bonus over NEST fraud

clock

NEST Corporation chief executive Tim Jones has waived his right to any bonus payments in the 2012/13 financial year over the £1.4m fraud incurred by the organisation.

The fraud, which came through a diversion of a supplier payment, was revealed in its annual reports and accounts (PP Online, 16 July). NEST Corporation said the £1.4m fraud hit the trustee compa...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

PASA updates strategy for next five years

PASA updates strategy for next five years

PASA said updated strategy will help shape the future of pensions administration

Holly Roach
clock 14 July 2026 • 2 min read
Buzz: Is the revised pensions roadmap a positive step forward for reform?

Buzz: Is the revised pensions roadmap a positive step forward for reform?

Pensions roadmap, government’s VfM consultation and proposed changes to the general levy

Professional Pensions
clock 14 July 2026 • 1 min read
Government consults on general levy rate hikes

Government consults on general levy rate hikes

Minister says there have been ‘persistent annual deficits’ and a growing levy debt

Holly Roach
clock 14 July 2026 • 2 min read
Trustpilot