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

Buzz: Should UK investment be the price of pensions tax relief?

Buzz: Should UK investment be the price of pensions tax relief?

UK investment, AE contributions and DWP state pension age communications plan

Professional Pensions
clock 29 June 2026 • 1 min read
News Digest: 'We are redoubling our efforts' - Angela MacDonald on the CSPS recovery

News Digest: 'We are redoubling our efforts' - Angela MacDonald on the CSPS recovery

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 29 June 2026 • 1 min read
SPP: Developing the next generation of pension professionals

SPP: Developing the next generation of pension professionals

Tom Hill says the pensions industry has much to gain by investing in its emerging talent

Tom Hill
clock 26 June 2026 • 3 min read
Trustpilot