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

Industry calls for rise to AE contributions as it responds to WPC inquiry into adequacy

Industry calls for rise to AE contributions as it responds to WPC inquiry into adequacy

Government urged to implement clear timetable for increasing contributions

Holly Roach
clock 27 October 2026 • 3 min read
Motive Partners completes acquisition of Mobius

Motive Partners completes acquisition of Mobius

Private investment company bought Mobius from Phoenix Equity Partners in June

Alex Levy
clock 27 October 2026 • 1 min read
Webinar: Investing in UK infrastructure – register now

Webinar: Investing in UK infrastructure – register now

Webinar will be held in association with Gravis at 12pm on Wednesday 11 November

Professional Pensions
clock 27 October 2026 • 1 min read
Trustpilot